Boyce & Associates Wealth Consulting Inc. Has $762,000 Holdings in Alphabet Inc. $GOOGL

Boyce & Associates Wealth Consulting Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,322 shares of the information services provider’s stock after buying an additional 187 shares during the period. Boyce & Associates Wealth Consulting Inc.’s holdings in Alphabet were worth $762,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GOOGL. AM Investment Strategies LLC boosted its position in shares of Alphabet by 0.9% during the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock worth $1,141,000 after purchasing an additional 57 shares in the last quarter. Bfsg LLC lifted its position in Alphabet by 0.6% in the 2nd quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock valued at $1,838,000 after acquiring an additional 59 shares in the last quarter. Enzi Wealth increased its stake in Alphabet by 2.5% in the 1st quarter. Enzi Wealth now owns 2,561 shares of the information services provider’s stock valued at $408,000 after buying an additional 62 shares during the last quarter. Park Capital Management LLC WI increased its stake in Alphabet by 1.1% in the 2nd quarter. Park Capital Management LLC WI now owns 6,005 shares of the information services provider’s stock valued at $1,058,000 after buying an additional 65 shares during the last quarter. Finally, Wolff Financial Management LLC increased its stake in Alphabet by 2.6% in the 2nd quarter. Wolff Financial Management LLC now owns 2,632 shares of the information services provider’s stock valued at $464,000 after buying an additional 66 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of the stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the transaction, the director owned 243,400 shares in the company, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 258,088 shares of company stock worth $52,405,304 in the last three months. 11.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GOOGL shares. JMP Securities increased their price objective on shares of Alphabet from $250.00 to $290.00 and gave the company a “market outperform” rating in a research note on Friday, September 19th. Citizens Jmp lifted their price objective on shares of Alphabet from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Phillip Securities lowered shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, September 8th. Guggenheim raised their price target on shares of Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Canaccord Genuity Group lifted their price objective on shares of Alphabet from $230.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $233.44.

Alphabet Trading Up 0.3%

NASDAQ:GOOGL opened at $246.54 on Friday. Alphabet Inc. has a one year low of $140.53 and a one year high of $256.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The company’s 50-day simple moving average is $215.93 and its 200 day simple moving average is $183.03. The firm has a market capitalization of $2.98 trillion, a P/E ratio of 26.26, a PEG ratio of 1.66 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.16. The firm had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. As a group, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were given a dividend of $0.21 per share. The ex-dividend date was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is 8.95%.

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.