Toth Financial Advisory Corp Grows Position in Alphabet Inc. (NASDAQ:GOOGL)

Toth Financial Advisory Corp raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 72,284 shares of the information services provider’s stock after purchasing an additional 6,215 shares during the period. Alphabet accounts for about 1.4% of Toth Financial Advisory Corp’s portfolio, making the stock its 18th largest position. Toth Financial Advisory Corp’s holdings in Alphabet were worth $10,910,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Viewpoint Capital Management LLC boosted its position in Alphabet by 12.6% during the first quarter. Viewpoint Capital Management LLC now owns 5,463 shares of the information services provider’s stock valued at $824,000 after purchasing an additional 613 shares in the last quarter. Weaver Consulting Group boosted its holdings in shares of Alphabet by 1.6% in the 1st quarter. Weaver Consulting Group now owns 9,160 shares of the information services provider’s stock valued at $1,383,000 after buying an additional 144 shares in the last quarter. Occidental Asset Management LLC grew its position in shares of Alphabet by 10.1% in the 1st quarter. Occidental Asset Management LLC now owns 5,011 shares of the information services provider’s stock worth $756,000 after buying an additional 459 shares during the last quarter. WD Rutherford LLC raised its stake in shares of Alphabet by 0.5% during the 1st quarter. WD Rutherford LLC now owns 32,360 shares of the information services provider’s stock worth $4,884,000 after acquiring an additional 177 shares in the last quarter. Finally, Independence Bank of Kentucky lifted its position in Alphabet by 5.3% during the first quarter. Independence Bank of Kentucky now owns 55,222 shares of the information services provider’s stock valued at $8,335,000 after acquiring an additional 2,763 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GOOGL shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $215.00 price target on shares of Alphabet in a research report on Wednesday, May 15th. KeyCorp increased their price target on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Morgan Stanley restated an “overweight” rating and set a $195.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Bank of America reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Alphabet in a research report on Tuesday, June 11th. Finally, Robert W. Baird boosted their target price on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $193.66.

Alphabet Stock Up 0.5 %

Shares of NASDAQ GOOGL opened at $182.99 on Tuesday. The stock has a market cap of $2.26 trillion, a PE ratio of 28.07, a P/E/G ratio of 1.37 and a beta of 1.05. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $115.35 and a 12-month high of $186.05. The company has a 50-day moving average of $172.85 and a 200 day moving average of $154.44.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter last year, the firm earned $1.17 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total transaction of $266,880.00. Following the sale, the director now owns 3,727 shares of the company’s stock, valued at approximately $663,107.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total transaction of $266,880.00. Following the completion of the sale, the director now directly owns 3,727 shares in the company, valued at $663,107.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The disclosure for this sale can be found here. Insiders have sold 142,344 shares of company stock worth $23,920,676 in the last ninety days. 11.55% of the stock is owned by insiders.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.