Future Financial Wealth Managment LLC Has $1.81 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Future Financial Wealth Managment LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,840 shares of the information services provider’s stock after buying an additional 655 shares during the period. Alphabet makes up approximately 1.3% of Future Financial Wealth Managment LLC’s holdings, making the stock its 18th biggest holding. Future Financial Wealth Managment LLC’s holdings in Alphabet were worth $1,812,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Gill Capital Partners LLC grew its stake in shares of Alphabet by 2.5% in the third quarter. Gill Capital Partners LLC now owns 9,194 shares of the information services provider’s stock valued at $1,537,000 after buying an additional 228 shares in the last quarter. Helen Stephens Group LLC grew its stake in shares of Alphabet by 36.5% in the third quarter. Helen Stephens Group LLC now owns 2,030 shares of the information services provider’s stock valued at $339,000 after buying an additional 543 shares in the last quarter. Hoxton Planning & Management LLC grew its stake in shares of Alphabet by 3.0% in the third quarter. Hoxton Planning & Management LLC now owns 3,801 shares of the information services provider’s stock valued at $635,000 after buying an additional 109 shares in the last quarter. WealthCare Investment Partners LLC grew its stake in shares of Alphabet by 5.9% in the third quarter. WealthCare Investment Partners LLC now owns 1,570 shares of the information services provider’s stock valued at $258,000 after buying an additional 88 shares in the last quarter. Finally, Gratus Wealth Advisors LLC grew its stake in shares of Alphabet by 14.3% in the third quarter. Gratus Wealth Advisors LLC now owns 32,092 shares of the information services provider’s stock valued at $5,276,000 after buying an additional 4,011 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOG stock opened at $165.70 on Wednesday. The business’s 50 day simple moving average is $163.27 and its 200 day simple moving average is $169.12. Alphabet Inc. has a one year low of $121.46 and a one year high of $193.31. The stock has a market capitalization of $2.05 trillion, a PE ratio of 25.41, a PEG ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. As a group, research analysts forecast that Alphabet Inc. will post 7.63 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, September 9th. Alphabet’s payout ratio is 12.27%.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $167.07, for a total transaction of $3,759,075.00. Following the transaction, the chief executive officer now directly owns 2,129,306 shares in the company, valued at approximately $355,743,153.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $167.07, for a total transaction of $3,759,075.00. Following the transaction, the chief executive officer now directly owns 2,129,306 shares of the company’s stock, valued at $355,743,153.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,592 shares of company stock worth $35,922,911. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GOOG shares. UBS Group reduced their price objective on shares of Alphabet from $204.00 to $187.00 and set a “neutral” rating for the company in a research report on Monday. Cantor Fitzgerald raised shares of Alphabet to a “hold” rating in a research report on Thursday, September 5th. Oppenheimer reduced their target price on shares of Alphabet from $210.00 to $185.00 and set an “outperform” rating for the company in a research report on Wednesday, September 25th. Pivotal Research assumed coverage on shares of Alphabet in a research report on Tuesday, October 1st. They issued a “buy” rating and a $215.00 target price for the company. Finally, DA Davidson raised shares of Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $184.11.

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.