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

Wealth Advisors of Iowa LLC trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,077 shares of the information services provider’s stock after selling 78 shares during the quarter. Alphabet makes up about 0.7% of Wealth Advisors of Iowa LLC’s portfolio, making the stock its 21st biggest holding. Wealth Advisors of Iowa LLC’s holdings in Alphabet were worth $1,348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of Alphabet by 2.5% in the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock valued at $1,843,149,000 after buying an additional 264,962 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Alphabet by 7.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 13,526 shares of the information services provider’s stock worth $2,261,000 after purchasing an additional 909 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in Alphabet by 1.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 210,657 shares of the information services provider’s stock worth $35,220,000 after purchasing an additional 2,151 shares during the last quarter. Cornerstone Advisors LLC raised its holdings in Alphabet by 0.6% in the 3rd quarter. Cornerstone Advisors LLC now owns 591,000 shares of the information services provider’s stock valued at $98,809,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Alphabet by 26.5% in the 3rd quarter. Intech Investment Management LLC now owns 821,450 shares of the information services provider’s stock valued at $137,338,000 after acquiring an additional 172,077 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Oppenheimer lifted their price objective on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Stock Down 0.7 %

Shares of NASDAQ:GOOG opened at $165.05 on Friday. The business’s 50-day moving average is $184.91 and its 200-day moving average is $177.93. Alphabet Inc. has a 1 year low of $148.01 and a 1 year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization 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 (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. Equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

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

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,048 shares of company stock valued at $17,374,274. 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.