Schnieders Capital Management LLC Sells 14,431 Shares of Alphabet Inc. (NASDAQ:GOOG)

Schnieders Capital Management LLC cut its stake in Alphabet Inc. (NASDAQ:GOOG) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,122 shares of the information services provider’s stock after selling 14,431 shares during the period. Alphabet makes up 3.3% of Schnieders Capital Management LLC’s holdings, making the stock its 6th largest position. Schnieders Capital Management LLC’s holdings in Alphabet were worth $16,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GenTrust LLC grew its stake in shares of Alphabet by 9.0% during the 4th quarter. GenTrust LLC now owns 9,251 shares of the information services provider’s stock worth $1,762,000 after acquiring an additional 760 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Alphabet during the fourth quarter worth $603,000. Simmons Bank boosted its holdings in Alphabet by 0.7% during the fourth quarter. Simmons Bank now owns 26,467 shares of the information services provider’s stock worth $5,040,000 after purchasing an additional 185 shares during the last quarter. Magnolia Private Wealth LLC bought a new position in Alphabet in the fourth quarter valued at $624,000. Finally, Pointe Capital Management LLC increased its stake in Alphabet by 8.5% in the 4th quarter. Pointe Capital Management LLC now owns 9,963 shares of the information services provider’s stock valued at $1,897,000 after buying an additional 784 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,309 shares of company stock valued at $25,057,490 over the last quarter. 12.99% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $172.22 on Friday. 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 cap of $2.10 trillion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.34 and a beta of 1.00. The stock’s fifty day moving average price is $192.17 and its two-hundred day moving average price is $177.73. Alphabet Inc. has a one year low of $131.55 and a one year high of $208.70.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GOOG shares. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Oppenheimer boosted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

About Alphabet

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.