Dillon & Associates Inc. Has $37.12 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Dillon & Associates Inc. reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 196,417 shares of the information services provider’s stock after selling 277 shares during the quarter. Alphabet accounts for 5.1% of Dillon & Associates Inc.’s portfolio, making the stock its 4th biggest holding. Dillon & Associates Inc.’s holdings in Alphabet were worth $37,123,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GOOGL. Clune & Associates LTD. purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $441,000. Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet during the 4th quarter valued at $76,000. Crowley Wealth Management Inc. bought a new position in shares of Alphabet during the 4th quarter valued at $472,000. Emerald Advisers LLC boosted its stake in shares of Alphabet by 9.2% in the 4th quarter. Emerald Advisers LLC now owns 23,703 shares of the information services provider’s stock worth $4,487,000 after buying an additional 2,004 shares during the last quarter. Finally, Cedar Wealth Management LLC grew its holdings in shares of Alphabet by 1.9% in the fourth quarter. Cedar Wealth Management LLC now owns 11,677 shares of the information services provider’s stock worth $2,210,000 after acquiring an additional 218 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 0.0 %

Shares of NASDAQ GOOGL opened at $157.04 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $147.22 and a 12-month high of $207.05. The firm’s 50-day moving average price is $177.19 and its 200-day moving average price is $176.95. The stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. On average, equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet’s dividend payout ratio is presently 9.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Roth Mkm reissued a “buy” rating and issued a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective on the stock. in a research note on Thursday, February 6th. Westpark Capital upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday. Morgan Stanley decreased their price target on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price objective on shares of Alphabet from $184.00 to $167.00 and set an “equal weight” rating for the company in a research report on Monday. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $209.49.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares in the company, valued at $4,142,195.20. The trade was a 6.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares in the company, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,297 shares of company stock worth $15,936,270 over the last quarter. Insiders own 11.55% of the company’s stock.

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.