Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Revisor Wealth Management LLC

Revisor Wealth Management LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 10.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,760 shares of the information services provider’s stock after selling 206 shares during the quarter. Revisor Wealth Management LLC’s holdings in Alphabet were worth $335,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Fiduciary Advisors Inc. acquired a new stake in Alphabet during the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new stake in Alphabet during the 4th quarter worth approximately $27,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet during the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet during the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC acquired a new stake in Alphabet during the 4th quarter worth approximately $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 1.4%

NASDAQ GOOG opened at $169.59 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm’s fifty day moving average price is $160.47 and its 200 day moving average price is $176.61. The company has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. The firm had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $1.89 EPS. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. This is an increase from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GOOG. Citigroup reiterated a “sell” rating on shares of Alphabet in a report on Wednesday, April 23rd. Susquehanna reiterated a “positive” rating on shares of Alphabet in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Wedbush reissued an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $203.94.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,374 shares of Alphabet stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,606,213.28. This represents a 8.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,654 shares of company stock valued at $26,793,380. Insiders own 12.99% 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.