Schwarz Dygos Wheeler Investment Advisors LLC Decreases Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Schwarz Dygos Wheeler Investment Advisors LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 6.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,829 shares of the information services provider’s stock after selling 1,912 shares during the quarter. Alphabet makes up about 1.3% of Schwarz Dygos Wheeler Investment Advisors LLC’s holdings, making the stock its 17th largest position. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Alphabet were worth $4,542,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Partnership Wealth Management LLC purchased a new position in shares of Alphabet in the fourth quarter valued at $26,000. Bruce G. Allen Investments LLC purchased a new position in shares of Alphabet in the fourth quarter valued at $26,000. Equitec Proprietary Markets LLC purchased a new position in shares of Alphabet in the fourth quarter valued at $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at $32,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at $34,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on GOOG. Oppenheimer boosted their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Rosenblatt Securities cut Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report on Friday, June 28th. Morgan Stanley restated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus boosted their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, TD Cowen boosted their target price on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.38.

Alphabet Price Performance

Shares of GOOG traded up $2.25 during midday trading on Wednesday, reaching $192.69. The stock had a trading volume of 8,007,889 shares, compared to its average volume of 20,758,002. The company’s 50-day moving average is $177.92 and its 200 day moving average is $158.32. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $193.31. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same period in the prior year, the business earned $1.17 EPS. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is presently 12.27%.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 800 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director John L. Hennessy sold 800 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The disclosure for this sale can be found here. Insiders sold 146,288 shares of company stock worth $25,345,053 in the last ninety days. 12.99% of the stock is owned by company insiders.

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.