Mowery & Schoenfeld Wealth Management LLC Sells 78 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Mowery & Schoenfeld Wealth Management LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 18.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 334 shares of the information services provider’s stock after selling 78 shares during the period. Mowery & Schoenfeld Wealth Management LLC’s holdings in Alphabet were worth $55,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Denali Advisors LLC grew its holdings in shares of Alphabet by 6.0% during the first quarter. Denali Advisors LLC now owns 7,100 shares of the information services provider’s stock worth $1,072,000 after purchasing an additional 400 shares during the last quarter. KFG Wealth Management LLC raised its position in shares of Alphabet by 30.1% during the first quarter. KFG Wealth Management LLC now owns 2,491 shares of the information services provider’s stock worth $376,000 after purchasing an additional 577 shares during the period. BluePath Capital Management LLC boosted its stake in Alphabet by 18.9% during the 1st quarter. BluePath Capital Management LLC now owns 3,569 shares of the information services provider’s stock valued at $539,000 after purchasing an additional 568 shares during the last quarter. E&G Advisors LP grew its holdings in Alphabet by 0.4% during the first quarter. E&G Advisors LP now owns 53,945 shares of the information services provider’s stock worth $8,142,000 after buying an additional 194 shares in the last quarter. Finally, OMNI 360 Wealth Inc. grew its stake in shares of Alphabet by 5.6% in the 1st quarter. OMNI 360 Wealth Inc. now owns 1,972 shares of the information services provider’s stock worth $298,000 after acquiring an additional 105 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Trading Down 1.2 %

GOOGL stock opened at $169.24 on Tuesday. The firm has a fifty day moving average price of $162.49 and a 200 day moving average price of $169.20. Alphabet Inc. has a fifty-two week low of $127.90 and a fifty-two week high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 1.95. The firm has a market cap of $2.08 trillion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the previous year, the company posted $1.55 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 7.91 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Analysts Set New Price Targets

A number of brokerages recently commented on GOOGL. Argus lifted their price target on Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. TD Securities upped their target price on shares of Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. Truist Financial raised their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their price target on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Pivotal Research lifted their price objective on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $205.51.

Insider Buying and Selling at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the completion of the transaction, the chief executive officer now directly owns 2,182,385 shares in the company, valued at $354,310,204.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 232,052 shares of company stock valued at $38,086,723 in the last three months. Company insiders own 11.55% of the company’s stock.

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.