Yeomans Consulting Group Inc. Takes $553,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

Yeomans Consulting Group Inc. acquired a new stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,959 shares of the information services provider’s stock, valued at approximately $553,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Alphabet during the 4th quarter valued at approximately $30,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $38,000. Meritage Group LP grew its position in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after buying an additional 276 shares during the period. Armor Investment Advisors LLC grew its position in shares of Alphabet by 31.0% during the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after buying an additional 80 shares during the period. Finally, IAG Wealth Partners LLC grew its position in shares of Alphabet by 55.9% during the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

GOOGL stock traded up $0.95 during mid-day trading on Monday, reaching $177.74. 11,567,559 shares of the company traded hands, compared to its average volume of 28,857,178. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market capitalization of $2.20 trillion, a P/E ratio of 26.92, a P/E/G ratio of 1.33 and a beta of 1.01. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $180.41. The company has a fifty day moving average price of $168.08 and a 200-day moving average price of $151.11.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter in the previous year, the firm earned $1.17 EPS. As a group, analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $215.00 target price on shares of Alphabet in a report on Wednesday, May 15th. Truist Financial raised their price objective on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. raised their price objective on Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Rosenblatt Securities raised their price objective on Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Argus raised their price objective on Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $193.26.

Get Our Latest Stock Analysis on Alphabet

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $148.78, for a total value of $3,347,550.00. Following the completion of the sale, the chief executive officer now owns 2,310,191 shares of the company’s stock, valued at $343,710,216.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Alphabet news, insider John Kent Walker sold 12,084 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the sale, the insider now owns 48,717 shares in the company, valued at $7,365,523.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00. Following the completion of the sale, the chief executive officer now owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The disclosure for this sale can be found here. Insiders sold a total of 158,458 shares of company stock valued at $25,731,103 over the last quarter. 11.55% of the stock is owned by corporate insiders.

About Alphabet

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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