Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management lessened its stake in Alphabet Inc. (NASDAQ:GOOG) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,444 shares of the information services provider’s stock after selling 604 shares during the quarter. Eads & Heald Wealth Management’s holdings in Alphabet were worth $1,244,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wallington Asset Management LLC boosted its holdings in Alphabet by 1.1% in the first quarter. Wallington Asset Management LLC now owns 77,062 shares of the information services provider’s stock worth $11,733,000 after purchasing an additional 856 shares during the period. Meadow Creek Wealth Advisors LLC grew its position in shares of Alphabet by 274.9% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 13,248 shares of the information services provider’s stock valued at $2,017,000 after buying an additional 9,714 shares during the last quarter. Bourgeon Capital Management LLC raised its stake in Alphabet by 68.5% during the first quarter. Bourgeon Capital Management LLC now owns 12,246 shares of the information services provider’s stock worth $1,865,000 after acquiring an additional 4,978 shares during the period. Madrona Financial Services LLC lifted its holdings in Alphabet by 1.7% in the first quarter. Madrona Financial Services LLC now owns 7,376 shares of the information services provider’s stock worth $1,123,000 after acquiring an additional 121 shares during the last quarter. Finally, PCG Wealth Advisors LLC boosted its stake in Alphabet by 5.8% in the first quarter. PCG Wealth Advisors LLC now owns 1,823 shares of the information services provider’s stock valued at $278,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Trading Down 0.0 %

Alphabet stock opened at $172.65 on Friday. Alphabet Inc. has a 12-month low of $128.11 and a 12-month high of $193.31. The stock has a market capitalization of $2.13 trillion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04. The firm has a 50 day simple moving average of $163.81 and a 200-day simple moving average of $170.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. During the same period last year, the company posted $1.55 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, equities research analysts expect that Alphabet Inc. will post 7.83 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be issued a dividend of $0.20 per share. 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, December 9th. Alphabet’s payout ratio is currently 10.61%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup increased their price target on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Pivotal Research raised their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Finally, Oppenheimer increased their price objective on shares of Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.56.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the transaction, the chief accounting officer now owns 32,017 shares in the company, valued at approximately $5,136,807.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the sale, the chief accounting officer now directly owns 32,017 shares in the company, valued at approximately $5,136,807.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $153.75, for a total transaction of $123,000.00. Following the completion of the transaction, the director now owns 28,524 shares in the company, valued at approximately $4,385,565. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 230,244 shares of company stock worth $37,776,954. 12.99% of the stock is owned by corporate 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.