Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 11.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,224 shares of the information services provider’s stock after selling 1,305 shares during the period. Donaldson Capital Management LLC’s holdings in Alphabet were worth $1,947,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GOOG. Geometric Wealth Advisors lifted its stake in Alphabet by 2.2% in the 4th quarter. Geometric Wealth Advisors now owns 6,212 shares of the information services provider’s stock worth $1,183,000 after purchasing an additional 135 shares in the last quarter. Wallace Hart LLC purchased a new position in Alphabet in the 4th quarter worth approximately $191,000. SoundView Advisors Inc. purchased a new position in Alphabet in the 4th quarter worth approximately $3,619,000. Miller Financial Services LLC purchased a new position in Alphabet in the 4th quarter worth approximately $1,498,000. Finally, Global View Capital Management LLC purchased a new position in Alphabet in the 4th quarter worth approximately $204,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 1.1 %

Alphabet stock opened at $165.98 on Wednesday. Alphabet Inc. has a fifty-two week low of $138.21 and a fifty-two week high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a 50 day moving average price of $188.87 and a 200 day moving average price of $178.08. The company has a market capitalization of $2.02 trillion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Oppenheimer lifted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the transaction, the director now owns 23,324 shares in the company, valued at $4,529,987.28. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,374 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at approximately $2,606,213.28. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,182 shares of company stock worth $18,192,354 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.

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.