Atlas Wealth LLC Purchases 2,715 Shares of Alphabet Inc. (NASDAQ:GOOG)

Atlas Wealth LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 5.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 49,676 shares of the information services provider’s stock after acquiring an additional 2,715 shares during the quarter. Alphabet makes up about 3.6% of Atlas Wealth LLC’s holdings, making the stock its 8th largest position. Atlas Wealth LLC’s holdings in Alphabet were worth $9,460,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sterling Financial Planning Inc. raised its stake in Alphabet by 2.6% in the 4th quarter. Sterling Financial Planning Inc. now owns 1,941 shares of the information services provider’s stock worth $370,000 after purchasing an additional 50 shares in the last quarter. Arlington Trust Co LLC increased its holdings in shares of Alphabet by 0.4% during the fourth quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider’s stock worth $2,747,000 after purchasing an additional 52 shares during the period. Harrell Investment Partners LLC raised its position in shares of Alphabet by 0.9% in the fourth quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider’s stock valued at $1,078,000 after buying an additional 53 shares in the last quarter. Ethos Financial Group LLC boosted its stake in shares of Alphabet by 0.7% in the fourth quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider’s stock valued at $1,395,000 after buying an additional 53 shares during the period. Finally, Redhawk Wealth Advisors Inc. grew its position in Alphabet by 1.1% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider’s stock worth $966,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on GOOG. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a report on Wednesday. Finally, Benchmark reissued a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Stock Performance

GOOG opened at $165.05 on Friday. Alphabet Inc. has a 1-year low of $148.01 and a 1-year high of $208.70. The company has a market cap of $2.01 trillion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.34 and a beta of 1.03. The company’s fifty day moving average price is $184.91 and its two-hundred day moving average price is $177.93. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

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

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock valued at $17,374,274 over the last three months. Corporate insiders own 12.99% of the company’s stock.

About Alphabet

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.