Walter & Keenan Wealth Management LLC IN ADV Has $5.97 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Walter & Keenan Wealth Management LLC IN ADV trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,523 shares of the information services provider’s stock after selling 2,729 shares during the quarter. Alphabet makes up about 1.8% of Walter & Keenan Wealth Management LLC IN ADV’s portfolio, making the stock its 12th biggest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Alphabet were worth $5,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GOOGL. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in Alphabet by 27.4% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 22,355 shares of the information services provider’s stock worth $3,708,000 after purchasing an additional 4,811 shares during the period. Occidental Asset Management LLC lifted its position in shares of Alphabet by 10.4% in the third quarter. Occidental Asset Management LLC now owns 5,787 shares of the information services provider’s stock valued at $960,000 after buying an additional 543 shares during the last quarter. Boomfish Wealth Group LLC boosted its stake in shares of Alphabet by 4.8% during the 3rd quarter. Boomfish Wealth Group LLC now owns 2,167 shares of the information services provider’s stock worth $359,000 after acquiring an additional 100 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its stake in shares of Alphabet by 1.3% during the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 38,192 shares of the information services provider’s stock worth $6,380,000 after acquiring an additional 506 shares during the period. Finally, TTP Investments Inc. increased its holdings in shares of Alphabet by 20.2% during the 3rd quarter. TTP Investments Inc. now owns 17,704 shares of the information services provider’s stock worth $2,936,000 after acquiring an additional 2,975 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares in the company, valued at $7,997,521.61. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,609 shares of company stock worth $21,809,990. Company insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. Sanford C. Bernstein lifted their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Citigroup reduced their target price on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Piper Sandler lowered their price target on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets restated an “outperform” rating and set a $217.00 price objective (up from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Finally, Wedbush upped their target price on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $210.62.

Alphabet Price Performance

Shares of GOOGL opened at $184.56 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.25 trillion, a PE ratio of 22.93, a PEG ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $207.05. The business has a 50-day simple moving average of $192.67 and a two-hundred day simple moving average of $175.55.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Alphabet Company Profile

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.