Woodley Farra Manion Portfolio Management Inc. Sells 95 Shares of Alphabet Inc. (NASDAQ:GOOG)

Woodley Farra Manion Portfolio Management Inc. reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 5,387 shares of the information services provider’s stock after selling 95 shares during the period. Woodley Farra Manion Portfolio Management Inc.’s holdings in Alphabet were worth $1,026,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GOOG. Fidelis Capital Partners LLC grew its stake in shares of Alphabet by 0.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 72,794 shares of the information services provider’s stock valued at $14,751,000 after buying an additional 438 shares during the last quarter. LGT Group Foundation boosted its holdings in shares of Alphabet by 4.9% in the fourth quarter. LGT Group Foundation now owns 380,408 shares of the information services provider’s stock valued at $72,445,000 after purchasing an additional 17,809 shares during the period. DJE Kapital AG purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $209,347,000. Plato Investment Management Ltd boosted its holdings in shares of Alphabet by 1.6% in the fourth quarter. Plato Investment Management Ltd now owns 127,636 shares of the information services provider’s stock valued at $24,395,000 after purchasing an additional 2,046 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $31,987,000. 27.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark reiterated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have assigned 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Alphabet Trading Up 1.4 %

GOOG opened at $174.99 on Thursday. Alphabet Inc. has a one year low of $131.95 and a one year high of $208.70. The stock has a market capitalization of $2.13 trillion, a PE ratio of 21.74, a P/E/G ratio of 1.34 and a beta of 1.00. The business’s 50 day moving average price is $190.68 and its 200 day moving average price is $177.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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, equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued 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 is presently 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,374 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the sale, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at $2,606,213.28. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,316 shares of company stock valued at $25,062,887 over the last quarter. 12.99% of the stock is owned by company insiders.

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.