Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,288 shares of the information services provider’s stock after acquiring an additional 141 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Alphabet were worth $4,360,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fiduciary Planning LLC grew its stake in shares of Alphabet by 2.4% in the 3rd quarter. Fiduciary Planning LLC now owns 9,287 shares of the information services provider’s stock valued at $1,540,000 after buying an additional 215 shares during the period. Lafayette Investments Inc. lifted its holdings in Alphabet by 18.0% in the third quarter. Lafayette Investments Inc. now owns 3,579 shares of the information services provider’s stock valued at $594,000 after acquiring an additional 547 shares during the last quarter. Commonwealth Financial Services LLC grew its position in Alphabet by 13.4% in the third quarter. Commonwealth Financial Services LLC now owns 3,614 shares of the information services provider’s stock worth $604,000 after acquiring an additional 427 shares during the period. Grassi Investment Management increased its stake in Alphabet by 2.9% during the third quarter. Grassi Investment Management now owns 55,545 shares of the information services provider’s stock worth $9,212,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Greystone Financial Group LLC raised its position in Alphabet by 9.5% in the third quarter. Greystone Financial Group LLC now owns 14,683 shares of the information services provider’s stock valued at $2,435,000 after purchasing an additional 1,278 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. Truist Financial boosted their target price on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Guggenheim lifted their price objective on Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Citigroup increased their target price on Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Bank of America boosted their price target on shares of Alphabet from $206.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $205.51.

Alphabet Price Performance

GOOGL opened at $169.24 on Tuesday. The stock has a market cap of $2.08 trillion, a P/E ratio of 22.45, a P/E/G ratio of 1.23 and a beta of 1.03. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The company has a quick ratio of 2.08, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $162.49 and a 200 day simple moving average of $169.20.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the previous year, the firm posted $1.55 EPS. On average, research analysts expect that Alphabet Inc. will post 7.91 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Insider Activity

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00. Following the completion of the transaction, the chief executive officer now directly owns 2,182,385 shares of the company’s stock, valued at $354,310,204.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 232,052 shares of company stock valued at $38,086,723. 11.55% of the stock is owned by 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.