Cohen Capital Management Inc. Sells 92 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Cohen Capital Management Inc. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,550 shares of the information services provider’s stock after selling 92 shares during the period. Alphabet accounts for 2.2% of Cohen Capital Management Inc.’s portfolio, making the stock its 11th largest holding. Cohen Capital Management Inc.’s holdings in Alphabet were worth $13,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Lutz Financial Services LLC increased its holdings in Alphabet by 8.9% in the 4th quarter. Lutz Financial Services LLC now owns 2,417 shares of the information services provider’s stock valued at $458,000 after acquiring an additional 197 shares during the last quarter. Kooman & Associates bought a new stake in Alphabet in the 4th quarter valued at $200,000. Abound Financial LLC bought a new stake in Alphabet in the 4th quarter valued at $1,478,000. Marshall Investment Management LLC bought a new stake in Alphabet in the 4th quarter valued at $59,000. Finally, FPC Investment Advisory Inc. bought a new stake in Alphabet in the 4th quarter valued at $152,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Trading Up 0.9 %

NASDAQ:GOOGL opened at $173.86 on Friday. Alphabet Inc. has a one year low of $134.00 and a one year high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $2.12 trillion, a P/E ratio of 21.60, a P/E/G ratio of 1.34 and a beta of 0.99. The firm has a 50-day simple moving average of $188.21 and a 200-day simple moving average of $176.40.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling

In related news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,316 shares of company stock worth $25,062,887 in the last 90 days. 11.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOOGL. Robert W. Baird reiterated an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. DA Davidson lifted their price objective on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Cantor Fitzgerald dropped their price objective on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus lifted their price objective on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.62.

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.