B & T Capital Management DBA Alpha Capital Management Sells 1,002 Shares of Alphabet Inc. (NASDAQ:GOOGL)

B & T Capital Management DBA Alpha Capital Management lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 50,223 shares of the information services provider’s stock after selling 1,002 shares during the period. Alphabet makes up approximately 1.5% of B & T Capital Management DBA Alpha Capital Management’s holdings, making the stock its 18th biggest position. B & T Capital Management DBA Alpha Capital Management’s holdings in Alphabet were worth $7,766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Capital Management LLC lifted its stake in shares of Alphabet by 0.7% in the 4th quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider’s stock worth $9,490,000 after purchasing an additional 371 shares during the period. Brighton Jones LLC lifted its stake in shares of Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after purchasing an additional 4,110 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares during the period. Highview Capital Management LLC DE lifted its stake in shares of Alphabet by 3.6% in the 4th quarter. Highview Capital Management LLC DE now owns 29,100 shares of the information services provider’s stock worth $5,509,000 after purchasing an additional 1,003 shares during the period. Finally, Hudson Value Partners LLC lifted its stake in shares of Alphabet by 22.7% in the 4th quarter. Hudson Value Partners LLC now owns 73,282 shares of the information services provider’s stock worth $13,873,000 after purchasing an additional 13,564 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GOOGL shares. BMO Capital Markets increased their target price on shares of Alphabet from $200.00 to $208.00 and gave the stock an “outperform” rating in a report on Tuesday. Susquehanna reduced their target price on shares of Alphabet from $225.00 to $220.00 and set a “positive” rating for the company in a report on Friday, April 25th. JMP Securities raised shares of Alphabet from a “market perform” rating to a “market outperform” rating and set a $220.00 target price for the company in a report on Friday, June 27th. Tigress Financial increased their target price on shares of Alphabet from $220.00 to $240.00 and gave the stock a “strong-buy” rating in a report on Wednesday, April 30th. Finally, Truist Financial reissued a “buy” rating and issued a $200.00 target price on shares of Alphabet in a report on Wednesday, July 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $201.68.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total value of $5,992,350.00. Following the completion of the sale, the chief executive officer directly owned 2,527,392 shares in the company, valued at $466,000,536.96. This trade represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 9,000 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,575,000.00. Following the completion of the sale, the director owned 255,400 shares of the company’s stock, valued at approximately $44,695,000. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 215,843 shares of company stock worth $37,288,490 over the last three months. 11.64% of the stock is owned by insiders.

Alphabet Trading Up 0.8%

GOOGL stock opened at $185.06 on Friday. The firm has a fifty day moving average price of $172.90 and a 200 day moving average price of $173.12. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market cap of $2.25 trillion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.29 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same period last year, the company earned $1.89 earnings per share. Sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 9th. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.45%. Alphabet’s dividend payout ratio (DPR) is currently 9.36%.

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.