Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,559 shares of the information services provider’s stock after purchasing an additional 62 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Alphabet were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its position in Alphabet by 10.4% during the 4th quarter. V Square Quantitative Management LLC now owns 80,246 shares of the information services provider’s stock worth $15,282,000 after purchasing an additional 7,577 shares during the period. Rooted Wealth Advisors Inc. increased its position in Alphabet by 8.9% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 3,153 shares of the information services provider’s stock worth $620,000 after purchasing an additional 257 shares during the period. Palacios Wealth Management LLC acquired a new position in Alphabet during the 4th quarter worth approximately $1,654,000. Arcus Capital Partners LLC increased its position in Alphabet by 44.6% during the 4th quarter. Arcus Capital Partners LLC now owns 2,271 shares of the information services provider’s stock worth $432,000 after purchasing an additional 700 shares during the period. Finally, Root Financial Partners LLC increased its position in Alphabet by 111.6% during the 4th quarter. Root Financial Partners LLC now owns 10,044 shares of the information services provider’s stock worth $1,913,000 after purchasing an additional 5,298 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Trading Down 0.5 %

Shares of Alphabet stock opened at $186.87 on Tuesday. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The firm has a market cap of $2.29 trillion, a PE ratio of 23.21, a P/E/G ratio of 1.39 and a beta of 1.00. The business’s fifty day moving average is $194.37 and its two-hundred day moving average is $176.71. The company has a quick ratio of 1.95, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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%. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Analysts Set New Price Targets

GOOG has been the topic of a number of research reports. Citigroup upped their price target on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. UBS Group upped their price target on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Pivotal Research upped their price target on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Scotiabank upped their price target on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, the director now directly owns 23,324 shares of the company’s stock, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,529 shares of company stock valued at $16,600,078. 12.99% of the stock is currently 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.