Alphabet Inc. (NASDAQ:GOOG) Shares Sold by PFC Capital Group Inc.

PFC Capital Group Inc. reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,790 shares of the information services provider’s stock after selling 125 shares during the period. Alphabet comprises 1.3% of PFC Capital Group Inc.’s holdings, making the stock its 19th largest position. PFC Capital Group Inc.’s holdings in Alphabet were worth $2,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOG. Geode Capital Management LLC grew its position in shares of Alphabet by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider’s stock valued at $19,894,651,000 after purchasing an additional 1,219,606 shares during the period. National Wealth Management Group LLC boosted its holdings in Alphabet by 16.3% in the 4th quarter. National Wealth Management Group LLC now owns 1,460 shares of the information services provider’s stock worth $278,000 after buying an additional 205 shares during the last quarter. Nemes Rush Group LLC increased its stake in Alphabet by 12.4% during the 4th quarter. Nemes Rush Group LLC now owns 14,281 shares of the information services provider’s stock worth $2,720,000 after buying an additional 1,571 shares in the last quarter. StoneX Group Inc. raised its holdings in shares of Alphabet by 35.9% during the fourth quarter. StoneX Group Inc. now owns 29,210 shares of the information services provider’s stock valued at $5,563,000 after acquiring an additional 7,719 shares during the last quarter. Finally, Gibson Capital LLC purchased a new position in shares of Alphabet in the fourth quarter valued at approximately $198,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of GOOG opened at $156.23 on Tuesday. The firm has a 50-day simple moving average of $180.70 and a two-hundred day simple moving average of $178.70. The stock has a market cap of $1.90 trillion, a PE ratio of 19.41, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1-year low of $148.20 and a 1-year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

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%. As a group, analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,992 shares of company stock worth $16,093,773 in the last three months. 12.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on GOOG. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $208.56.

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.