Compton Wealth Advisory Group LLC Acquires 1,076 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Compton Wealth Advisory Group LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,080 shares of the information services provider’s stock after acquiring an additional 1,076 shares during the quarter. Alphabet comprises about 2.2% of Compton Wealth Advisory Group LLC’s investment portfolio, making the stock its 12th biggest holding. Compton Wealth Advisory Group LLC’s holdings in Alphabet were worth $8,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GOOGL. Capital Investment Advisors LLC boosted its holdings in shares of Alphabet by 2.4% in the fourth quarter. Capital Investment Advisors LLC now owns 397,924 shares of the information services provider’s stock worth $75,327,000 after buying an additional 9,222 shares during the last quarter. ACT Advisors LLC. raised its position in Alphabet by 12.9% in the fourth quarter. ACT Advisors LLC. now owns 2,110 shares of the information services provider’s stock worth $399,000 after acquiring an additional 241 shares during the period. Brookstone Capital Management boosted its stake in shares of Alphabet by 6.8% during the 4th quarter. Brookstone Capital Management now owns 333,688 shares of the information services provider’s stock worth $63,167,000 after acquiring an additional 21,378 shares during the last quarter. DBK Financial Counsel LLC purchased a new stake in shares of Alphabet in the 4th quarter worth $211,000. Finally, City State Bank raised its holdings in Alphabet by 27.1% in the 4th quarter. City State Bank now owns 1,874 shares of the information services provider’s stock worth $355,000 after purchasing an additional 400 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock traded down $2.78 on Monday, hitting $189.26. The company had a trading volume of 8,860,187 shares, compared to its average volume of 22,064,137. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $201.42. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.32 trillion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98. The company has a 50-day moving average price of $182.62 and a 200-day moving average price of $172.95.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Analyst Ratings Changes

GOOGL has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. KeyCorp raised their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Finally, China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $208.15.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the transaction, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This trade represents a 1.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now owns 16,490 shares in the company, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 154,387 shares of company stock valued at $27,748,931 in the last three months. 11.55% of the stock is currently 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.