CM Wealth Advisors LLC Sells 69 Shares of Alphabet Inc. (NASDAQ:GOOG)

CM Wealth Advisors LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,509 shares of the information services provider’s stock after selling 69 shares during the quarter. Alphabet makes up 0.7% of CM Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest position. CM Wealth Advisors LLC’s holdings in Alphabet were worth $2,192,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Alphabet by 2.8% in the fourth quarter. FMR LLC now owns 117,991,725 shares of the information services provider’s stock worth $22,470,344,000 after purchasing an additional 3,189,592 shares in the last quarter. Geode Capital Management LLC grew its stake in Alphabet by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider’s stock valued at $19,894,651,000 after buying an additional 1,219,606 shares in the last quarter. Sanders Capital LLC raised its holdings in Alphabet by 14.5% during the 4th quarter. Sanders Capital LLC now owns 33,504,543 shares of the information services provider’s stock valued at $6,380,605,000 after acquiring an additional 4,247,379 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Alphabet by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,824,307 shares of the information services provider’s stock valued at $5,870,181,000 after acquiring an additional 875,480 shares during the period. Finally, Norges Bank purchased a new stake in shares of Alphabet during the fourth quarter worth $5,166,070,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $159.40 on Monday. The company has a market capitalization of $1.94 trillion, a PE ratio of 19.80, a PEG ratio of 1.34 and a beta of 1.04. The business has a fifty day moving average price of $170.50 and a 200-day moving average price of $177.99. Alphabet Inc. has a 1-year low of $142.66 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.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. As a group, equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.50%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at $3,468,029.04. This represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,297 shares of company stock worth $20,804,770. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GOOG shares. Westpark Capital started coverage on Alphabet in a research note on Tuesday, April 1st. They set a “buy” rating and a $210.00 price objective on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, UBS Group dropped their price objective on Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.71.

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.