Gutierrez Wealth Advisory LLC Takes Position in Alphabet Inc. (NASDAQ:GOOG)

Gutierrez Wealth Advisory LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 1,459 shares of the information services provider’s stock, valued at approximately $278,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Principal Financial Group Inc. grew its holdings in Alphabet by 2.5% during 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 purchasing an additional 264,962 shares during the period. Advisors Asset Management Inc. grew its stake in shares of 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 acquiring an additional 909 shares during the period. Citizens Financial Group Inc. RI increased its holdings in Alphabet by 1.0% in 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 acquiring an additional 2,151 shares during the last quarter. Cornerstone Advisors LLC increased 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 worth $98,809,000 after acquiring an additional 3,600 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake 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 during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $165.05 on Friday. The company’s fifty day moving average price is $184.91 and its 200-day moving average price is $177.93. 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 firm has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a one year low of $148.01 and a one year high of $208.70.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 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, equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Insider Buying and Selling

In related news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the company’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 sale, the insider now owns 43,981 shares of the company’s stock, 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 93,048 shares of company stock worth $17,374,274 in the last quarter. 12.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of research reports. Oppenheimer increased their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Rosenblatt Securities reaffirmed a “neutral” rating on shares of Alphabet in a report on Wednesday. Cantor Fitzgerald reissued a “neutral” rating on shares of Alphabet in a report on Wednesday. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Scotiabank lifted their price target on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. 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 issued a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $209.13.

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.