FSB Premier Wealth Management Inc. Acquires 734 Shares of Alphabet Inc. (NASDAQ:GOOG)

FSB Premier Wealth Management Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,715 shares of the information services provider’s stock after acquiring an additional 734 shares during the quarter. Alphabet comprises 1.3% of FSB Premier Wealth Management Inc.’s portfolio, making the stock its 17th biggest holding. FSB Premier Wealth Management Inc.’s holdings in Alphabet were worth $3,183,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GOOG. Norges Bank purchased a new stake in shares of Alphabet during the fourth quarter valued at $5,166,070,000. Raymond James Financial Inc. purchased a new stake in Alphabet in the 4th quarter valued at about $1,551,533,000. GQG Partners LLC boosted its position in Alphabet by 181,679.1% in the 4th quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider’s stock valued at $1,376,066,000 after buying an additional 7,221,746 shares during the period. Proficio Capital Partners LLC grew its stake in Alphabet by 5,712.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,367,831 shares of the information services provider’s stock worth $831,810,000 after acquiring an additional 4,292,689 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Alphabet during the fourth quarter worth approximately $328,018,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 4.9 %

Shares of GOOG opened at $156.06 on Monday. The firm has a market cap of $1.90 trillion, a P/E ratio of 19.39, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12 month low of $148.20 and a 12 month high of $208.70. The stock’s 50 day moving average is $181.53 and its two-hundred day moving average is $178.69. 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 issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the sale, the director now owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,992 shares of company stock worth $16,097,111. 12.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Oppenheimer increased their price objective on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.56.

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.