Michael A. Dubis Financial Planning LLC Takes Position in Alphabet Inc. (NASDAQ:GOOG)

Michael A. Dubis Financial Planning LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,100 shares of the information services provider’s stock, valued at approximately $209,000.

A number of other institutional investors also recently added to or reduced their stakes in GOOG. Weiss Asset Management LP purchased a new stake in shares of Alphabet during the third quarter valued at about $25,000. Fiduciary Advisors Inc. purchased a new stake in Alphabet during the fourth quarter valued at approximately $27,000. Safe Harbor Fiduciary LLC acquired a new stake in Alphabet in the third quarter valued at approximately $33,000. WealthTrak Capital Management LLC purchased a new position in Alphabet in the fourth quarter worth $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Alphabet during the fourth quarter worth $39,000. Institutional investors own 27.26% of the company’s stock.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the transaction, the insider now owns 49,037 shares of the company’s stock, valued at $8,181,333.08. This represents a 19.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now directly owns 272,466 shares in the company, valued at $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,812 shares of company stock worth $19,336,979 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

NASDAQ:GOOG opened at $156.06 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 company has a 50 day moving average price of $181.53 and a 200-day moving average price of $178.31. Alphabet Inc. has a 1-year low of $148.20 and a 1-year high of $208.70. The firm has a market cap of $1.90 trillion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Rosenblatt Securities reissued a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Finally, Oppenheimer upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $208.56.

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.