McDonough Capital Management Inc Buys 1,573 Shares of Alphabet Inc. (NASDAQ:GOOG)

McDonough Capital Management Inc grew its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,225 shares of the information services provider’s stock after purchasing an additional 1,573 shares during the quarter. Alphabet comprises approximately 8.3% of McDonough Capital Management Inc’s holdings, making the stock its 3rd largest holding. McDonough Capital Management Inc’s holdings in Alphabet were worth $12,690,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GOOG. Principia Wealth Advisory LLC lifted its stake in shares of Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 85 shares during the period. LSV Asset Management acquired a new position in shares of Alphabet in the 4th quarter valued at $27,000. WealthTrak Capital Management LLC bought a new stake in shares of Alphabet in the 4th quarter valued at $38,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Alphabet in the 4th quarter valued at $39,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Alphabet in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Trading Up 3.0%

Alphabet stock opened at $174.92 on Monday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $2.12 trillion, a P/E ratio of 21.73, a PEG ratio of 1.34 and a beta of 1.01. The stock has a 50-day simple moving average of $161.88 and a 200 day simple moving average of $176.09.

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

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company’s stock, 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 filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 673 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 195,770 shares of company stock valued at $32,036,638. 12.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Susquehanna restated a “positive” rating on shares of Alphabet in a research report on Friday, May 2nd. Rosenblatt Securities upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Tigress Financial restated a “strong-buy” rating on shares of Alphabet in a research report on Friday, May 2nd. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Monday, June 2nd. Finally, KeyCorp lowered their price objective on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $204.88.

Alphabet 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.