Dividend Assets Capital LLC Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Dividend Assets Capital LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,422 shares of the information services provider’s stock after buying an additional 230 shares during the quarter. Dividend Assets Capital LLC’s holdings in Alphabet were worth $461,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Swedbank AB increased its stake in shares of Alphabet by 0.6% during the third quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after purchasing an additional 51,226 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Alphabet by 2.0% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 56,210 shares of the information services provider’s stock worth $9,398,000 after purchasing an additional 1,103 shares in the last quarter. Viewpoint Capital Management LLC grew its stake in shares of Alphabet by 16.4% in the 3rd quarter. Viewpoint Capital Management LLC now owns 7,193 shares of the information services provider’s stock worth $1,189,000 after buying an additional 1,012 shares during the last quarter. Pathway Financial Advisers LLC increased its position in Alphabet by 15,926.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 594,907 shares of the information services provider’s stock valued at $99,463,000 after buying an additional 591,195 shares in the last quarter. Finally, First Bank & Trust raised its stake in Alphabet by 0.5% during the third quarter. First Bank & Trust now owns 28,076 shares of the information services provider’s stock valued at $4,694,000 after buying an additional 127 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, insider Ruth Porat sold 17,690 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 134,299 shares of company stock worth $25,055,751. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Canaccord Genuity Group upped their price target on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Wells Fargo & Company raised their target price on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their target price on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Price Performance

Shares of Alphabet stock opened at $181.19 on Tuesday. The company has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.34 and a beta of 1.00. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $193.68 and its 200-day simple moving average is $177.58. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $208.70.

Alphabet (NASDAQ:GOOG) last posted 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 return on equity of 32.49% and a net margin of 28.60%. As a group, analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.44%. Alphabet’s payout ratio is 9.94%.

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.