Beaumont Financial Advisors LLC Has $33.64 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Beaumont Financial Advisors LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 240,794 shares of the information services provider’s stock after selling 380 shares during the period. Alphabet comprises approximately 3.1% of Beaumont Financial Advisors LLC’s holdings, making the stock its 3rd largest position. Beaumont Financial Advisors LLC’s holdings in Alphabet were worth $33,637,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in GOOGL. Meritage Group LP raised its position in shares of Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after acquiring an additional 276 shares in the last quarter. Macroview Investment Management LLC raised its position in shares of Alphabet by 165.8% in the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after acquiring an additional 199 shares in the last quarter. Armor Investment Advisors LLC raised its position in shares of Alphabet by 31.0% in the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after acquiring an additional 80 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Alphabet in the 4th quarter worth about $55,000. Finally, LFA Lugano Financial Advisors SA raised its position in shares of Alphabet by 301.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock worth $73,000 after acquiring an additional 392 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Sanford C. Bernstein boosted their target price on Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday. Robert W. Baird boosted their target price on Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Oppenheimer boosted their target price on Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday. Needham & Company LLC boosted their target price on Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a research report on Friday. Finally, JMP Securities boosted their target price on Alphabet from $160.00 to $200.00 and gave the company a “market outperform” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $187.82.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the sale, the director now owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Insiders have sold 253,439 shares of company stock valued at $36,746,578 in the last 90 days. 0.88% of the stock is currently owned by company insiders.

Alphabet Price Performance

Alphabet stock opened at $171.95 on Friday. Alphabet Inc. has a 12 month low of $103.54 and a 12 month high of $174.71. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The business’s 50 day simple moving average is $147.85 and its 200 day simple moving average is $141.42. The company has a market cap of $2.14 trillion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The business had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 6.79 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.47%. Alphabet’s payout ratio is 12.27%.

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.