Daymark Wealth Partners LLC Increases Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Daymark Wealth Partners LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,719 shares of the information services provider’s stock after purchasing an additional 2,598 shares during the period. Daymark Wealth Partners LLC’s holdings in Alphabet were worth $15,640,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. raised its position in shares of Alphabet by 5.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 17,841 shares of the information services provider’s stock valued at $2,352,000 after buying an additional 914 shares in the last quarter. Gallacher Capital Management LLC bought a new stake in shares of Alphabet in the 3rd quarter valued at approximately $219,000. AlphaCore Capital LLC lifted its stake in shares of Alphabet by 12.8% in the 3rd quarter. AlphaCore Capital LLC now owns 22,982 shares of the information services provider’s stock valued at $3,030,000 after purchasing an additional 2,608 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Alphabet by 23.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 222,607 shares of the information services provider’s stock worth $29,351,000 after purchasing an additional 42,922 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Alphabet by 12.9% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 65,461 shares of the information services provider’s stock valued at $8,631,000 after purchasing an additional 7,505 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 12,084 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the sale, the insider now owns 48,717 shares in the company, valued at approximately $7,365,523.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alphabet news, insider John Kent Walker sold 12,084 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the sale, the insider now owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the transaction, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The disclosure for this sale can be found here. Insiders have sold a total of 135,958 shares of company stock worth $22,383,553 in the last three months. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Oppenheimer lifted their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Stifel Nicolaus upped their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $165.67.

Alphabet Stock Up 1.4 %

Shares of GOOG opened at $180.26 on Friday. The firm has a fifty day moving average price of $171.61 and a 200-day moving average price of $153.96. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.23 trillion, a P/E ratio of 27.65, a P/E/G ratio of 1.33 and a beta of 1.01. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $182.51.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Equities research analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

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.