D L Carlson Investment Group Inc. Decreases Stake in Alphabet Inc. $GOOG

D L Carlson Investment Group Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOG) by 8.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,617 shares of the information services provider’s stock after selling 502 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Alphabet were worth $878,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC lifted its stake in Alphabet by 15.0% in the first quarter. Truvestments Capital LLC now owns 12,182 shares of the information services provider’s stock worth $1,903,000 after acquiring an additional 1,592 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in Alphabet in the first quarter worth approximately $15,843,000. KilterHowling LLC raised its holdings in Alphabet by 2.0% during the first quarter. KilterHowling LLC now owns 5,493 shares of the information services provider’s stock worth $855,000 after purchasing an additional 106 shares in the last quarter. Delta Investment Management LLC raised its holdings in Alphabet by 0.7% during the first quarter. Delta Investment Management LLC now owns 63,565 shares of the information services provider’s stock worth $9,931,000 after purchasing an additional 428 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in Alphabet by 37.9% during the first quarter. CreativeOne Wealth LLC now owns 31,013 shares of the information services provider’s stock worth $4,845,000 after purchasing an additional 8,526 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $199.92, for a total transaction of $6,497,400.00. Following the sale, the chief executive officer directly owned 2,462,392 shares in the company, valued at approximately $492,281,408.64. The trade was a 1.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 23,820 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the sale, the insider owned 42,999 shares in the company, valued at $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 254,719 shares of company stock valued at $47,223,172 over the last 90 days. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $207.95 on Wednesday. The firm has a market capitalization of $2.51 trillion, a P/E ratio of 22.15, a PEG ratio of 1.41 and a beta of 1.02. Alphabet Inc. has a one year low of $142.66 and a one year high of $211.09. The company’s fifty day moving average is $188.95 and its two-hundred day moving average is $174.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.12 by $0.19. The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. Analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet’s payout ratio is presently 8.95%.

Analyst Ratings Changes

A number of analysts have weighed in on GOOG shares. Tigress Financial reissued a “strong-buy” rating on shares of Alphabet in a report on Friday, May 2nd. Roth Capital reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Susquehanna reiterated a “positive” rating on shares of Alphabet in a research note on Friday, May 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price target on shares of Alphabet in a research note on Monday, June 2nd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $210.00 price target (up previously from $185.00) on shares of Alphabet in a research note on Thursday, July 24th. Five equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.19.

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.