Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,282 shares of the information services provider’s stock after purchasing an additional 789 shares during the quarter. Alphabet comprises 0.8% of FSM Wealth Advisors LLC’s portfolio, making the stock its 24th largest position. FSM Wealth Advisors LLC’s holdings in Alphabet were worth $3,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hazlett Burt & Watson Inc. grew its holdings in Alphabet by 3.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 7,555 shares of the information services provider’s stock worth $1,263,000 after buying an additional 227 shares in the last quarter. Quintet Private Bank Europe S.A. grew its holdings in Alphabet by 19.6% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 281,664 shares of the information services provider’s stock worth $47,091,000 after buying an additional 46,182 shares in the last quarter. PDS Planning Inc grew its holdings in Alphabet by 0.3% in the 3rd quarter. PDS Planning Inc now owns 31,501 shares of the information services provider’s stock worth $5,267,000 after buying an additional 83 shares in the last quarter. Palisades Hudson Asset Management L.P. grew its holdings in Alphabet by 2.9% in the 3rd quarter. Palisades Hudson Asset Management L.P. now owns 7,288 shares of the information services provider’s stock worth $1,219,000 after buying an additional 208 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Alphabet by 11.1% in the 3rd quarter. QRG Capital Management Inc. now owns 909,977 shares of the information services provider’s stock worth $152,139,000 after buying an additional 90,875 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Frances Arnold sold 441 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares in the company, valued at $2,820,779.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the transaction, the chief executive officer now directly owns 2,182,385 shares in the company, valued at $354,310,204.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now owns 16,490 shares in the company, valued at approximately $2,820,779.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 232,052 shares of company stock worth $38,086,723 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

GOOG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. UBS Group increased their price target on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Wolfe Research raised Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Scotiabank assumed coverage on Alphabet in a research note on Friday, October 11th. They set a “sector outperform” rating and a $212.00 price target for the company. Finally, Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

Alphabet Price Performance

GOOG opened at $170.68 on Tuesday. The stock has a fifty day moving average of $163.87 and a 200-day moving average of $170.72. The firm has a market capitalization of $2.10 trillion, a P/E ratio of 22.64, a PEG ratio of 1.22 and a beta of 1.04. Alphabet Inc. has a 12-month low of $129.40 and a 12-month high of $193.31. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. Equities analysts forecast that Alphabet Inc. will post 7.97 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s payout ratio is currently 10.61%.

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.