Pinnacle Wealth Management Advisory Group LLC Sells 2,447 Shares of Alphabet Inc. $GOOG

Pinnacle Wealth Management Advisory Group LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 10.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 21,504 shares of the information services provider’s stock after selling 2,447 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Alphabet were worth $6,169,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock worth $132,114,125,000 after acquiring an additional 8,128,234 shares in the last quarter. State Street Corp raised its position in Alphabet by 0.5% during the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock valued at $58,712,878,000 after purchasing an additional 953,790 shares during the period. Auto Owners Insurance Co raised its position in Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares during the period. J. Stern & Co. LLP raised its position in Alphabet by 28,482.8% during the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock valued at $35,174,429,000 after purchasing an additional 111,699,704 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Alphabet by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock valued at $31,569,189,000 after purchasing an additional 1,073,151 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Up 5.0%

Shares of NASDAQ:GOOG opened at $351.28 on Tuesday. The firm has a market capitalization of $4.26 trillion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The business has a 50 day simple moving average of $366.70 and a two-hundred day simple moving average of $332.30. Alphabet Inc. has a 1 year low of $173.88 and a 1 year high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same period in the prior year, the business posted $2.81 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, equities analysts predict that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio is currently 6.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GOOG shares. TD Cowen lifted their target price on Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Citigroup restated a “market outperform” rating on shares of Alphabet in a report on Monday, June 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research report on Thursday, May 21st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $425.00 price objective on shares of Alphabet in a research note on Thursday, April 30th. Finally, Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research report on Wednesday, May 20th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $376.78.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet officially debuted in the Dow, replacing Verizon, which is driving index-fund demand and signaling stronger institutional recognition for the stock. Reuters: Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
• Positive Sentiment: Multiple reports say Alphabet shares are getting a lift from the Dow addition and renewed enthusiasm for large-cap tech and AI exposure. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions
• Positive Sentiment: Analysts and market commentators view the recent pullback in big tech as a potential buying opportunity, especially given Alphabet’s strong cloud and AI momentum. 24/7 Wall St.: Dan Ives Says the $3 Trillion Tech Wipeout Is a Buying Opportunity. Here’s His Case
• Neutral Sentiment: News flow also points to strong AI demand at Google, including compute constraints and limited Gemini capacity, which supports long-term growth but may raise near-term execution concerns. Yahoo Finance: Google Limits Meta’s AI Access
• Neutral Sentiment: Separately, Waymo’s robotaxi pilot with Uber ended in Phoenix, but the vehicles will remain active for autonomous deliveries with DoorDash, limiting the immediate stock impact. CNBC: Waymo and Uber end robotaxi pilot in Phoenix
• Negative Sentiment: Some articles continue to highlight concerns about Alphabet’s aggressive AI spending, talent losses, and recent underperformance versus peers, which could cap upside if investors focus on margins. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 617 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer owned 27,348 shares in the company, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 151,972 shares of company stock worth $5,016,958 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

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.