CFM Wealth Partners LLC Acquires 394 Shares of Alphabet Inc. (NASDAQ:GOOGL)

CFM Wealth Partners LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 131,598 shares of the information services provider’s stock after purchasing an additional 394 shares during the quarter. Alphabet comprises 4.2% of CFM Wealth Partners LLC’s holdings, making the stock its 3rd biggest position. CFM Wealth Partners LLC’s holdings in Alphabet were worth $24,912,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Czech National Bank grew its holdings in shares of Alphabet by 6.6% during the third quarter. Czech National Bank now owns 1,193,541 shares of the information services provider’s stock worth $197,949,000 after buying an additional 74,225 shares in the last quarter. Eclectic Associates Inc. ADV boosted its position in Alphabet by 16.2% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 1,539 shares of the information services provider’s stock worth $255,000 after acquiring an additional 215 shares during the last quarter. Central Valley Advisors LLC grew its stake in shares of Alphabet by 4.4% during the 3rd quarter. Central Valley Advisors LLC now owns 19,110 shares of the information services provider’s stock worth $3,170,000 after acquiring an additional 808 shares in the last quarter. Trivant Custom Portfolio Group LLC raised its holdings in shares of Alphabet by 0.4% in the third quarter. Trivant Custom Portfolio Group LLC now owns 31,544 shares of the information services provider’s stock valued at $5,232,000 after purchasing an additional 134 shares during the last quarter. Finally, Quent Capital LLC lifted its position in shares of Alphabet by 3.0% in the third quarter. Quent Capital LLC now owns 32,954 shares of the information services provider’s stock worth $5,458,000 after purchasing an additional 969 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GOOGL shares. Piper Sandler decreased their target price on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Wolfe Research raised their price objective on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Robert W. Baird reiterated an “outperform” rating and set a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Bank of America reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Insider Transactions at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,529 shares of company stock valued at $16,600,078. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $185.32 on Wednesday. The firm has a market cap of $2.27 trillion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.95. The stock’s fifty day moving average price is $191.90 and its two-hundred day moving average price is $174.76. Alphabet Inc. has a one year low of $130.66 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, research analysts expect that Alphabet Inc. will post 8.91 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.20 dividend. 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 presently 9.94%.

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.