Wealth Advisors of Iowa LLC Sells 78 Shares of Alphabet Inc. (NASDAQ:GOOG)

Wealth Advisors of Iowa LLC cut its position in Alphabet Inc. (NASDAQ:GOOG) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,077 shares of the information services provider’s stock after selling 78 shares during the period. Alphabet makes up about 0.7% of Wealth Advisors of Iowa LLC’s holdings, making the stock its 21st largest holding. Wealth Advisors of Iowa LLC’s holdings in Alphabet were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $27,000. Weiss Asset Management LP bought a new position in Alphabet in the 3rd quarter worth about $25,000. Safe Harbor Fiduciary LLC bought a new position in Alphabet in the 3rd quarter worth about $33,000. Noble Wealth Management PBC bought a new position in Alphabet in the 4th quarter worth about $43,000. Finally, FPC Investment Advisory Inc. increased its stake in Alphabet by 287.9% in the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock worth $46,000 after acquiring an additional 167 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Scotiabank upped their price objective on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Alphabet in a report on Wednesday. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $209.13.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the sale, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,048 shares of company stock worth $17,374,274. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $165.05 on Friday. The company has a market cap of $2.01 trillion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12 month low of $148.01 and a 12 month high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $184.91 and its two-hundred day simple moving average is $177.93.

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, topping 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%. Research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

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.