Dickmeyer Boyce Financial Management Inc. Takes Position in Alphabet Inc. $GOOG

Dickmeyer Boyce Financial Management Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,328 shares of the information services provider’s stock, valued at approximately $2,102,000. Alphabet accounts for about 1.2% of Dickmeyer Boyce Financial Management Inc.’s portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nvest Wealth Strategies Inc. purchased a new position in Alphabet during the fourth quarter worth about $38,000. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet during the 4th quarter valued at about $38,000. Imprint Wealth LLC purchased a new position in shares of Alphabet during the third quarter worth about $31,000. Bard Associates Inc. purchased a new position in shares of Alphabet during the fourth quarter worth about $41,000. Finally, Towne Trust Company N.A increased its position in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after purchasing an additional 34 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wolfe Research set a $460.00 target price on shares of Alphabet in a research report on Thursday. Pivotal Research raised their price objective on shares of Alphabet from $470.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on shares of Alphabet from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Thursday. DA Davidson cut their target price on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Barclays reissued an “overweight” rating and issued a $425.00 target price (up from $405.00) on shares of Alphabet in a research note on Thursday. Six investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $410.09.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted a strong Q2 beat, with revenue and EPS coming in ahead of expectations, while Google Cloud revenue surged 82% and cloud margins improved sharply.
• Positive Sentiment: AI and product demand remain strong, with management saying AI usage is rising across Search, Cloud, and Gemini, supporting the long-term growth story.
• Positive Sentiment: Several analysts reiterated bullish views or raised targets, and multiple commentary pieces argued the stock looks attractive after the pullback.
• Positive Sentiment: Verizon signed a deal worth more than $1 billion with Google for dark fiber connectivity, adding another sign of infrastructure demand tied to Alphabet’s data-center buildout. Article Title
• Neutral Sentiment: Waymo is reportedly considering ending its Uber partnership, which could affect how quickly Alphabet’s robotaxi business scales, but the direct financial impact is still unclear. Article Title
• Neutral Sentiment: Alphabet also disclosed a large SpaceX stake and saw some institutional holders trim positions, but these items are secondary to the main debate over AI spending and cash flow.
• Negative Sentiment: Investors were unnerved by Alphabet’s higher CapEx guidance and negative free cash flow, which raised concerns that AI spending may be outpacing near-term returns.
• Negative Sentiment: Alphabet was also hit by an EU antitrust fine of about $1 billion, adding another regulatory overhang. Article Title
• Negative Sentiment: Moody’s warned that the industry-wide AI buildout could threaten credit quality at Alphabet and other hyperscalers, reinforcing concerns about balance-sheet strain from heavy infrastructure investment. Article Title

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director directly owned 1,481 shares of the company’s stock, valued at $545,941.03. This represents a 41.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,415 shares of company stock valued at $7,672,279 over the last ninety days. 12.99% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $319.09 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The business’s 50 day simple moving average is $360.63 and its two-hundred day simple moving average is $337.53. The stock has a market capitalization of $3.87 trillion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. Alphabet Inc. has a one year low of $188.70 and a one year high of $404.47.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.31 earnings per share. Analysts forecast that Alphabet Inc. will post 17.25 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio is presently 4.42%.

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.