Alphabet Inc. (NASDAQ:GOOG) is Fiduciary Group LLC’s 5th Largest Position

Fiduciary Group LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,247 shares of the information services provider’s stock after selling 4,614 shares during the quarter. Alphabet makes up about 2.9% of Fiduciary Group LLC’s investment portfolio, making the stock its 5th largest position. Fiduciary Group LLC’s holdings in Alphabet were worth $24,416,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Tandem Wealth Advisors LLC bought a new position in Alphabet during the 3rd quarter worth approximately $25,000. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet in the fourth quarter worth about $26,000. Equitec Proprietary Markets LLC purchased a new position in Alphabet during the 4th quarter valued at about $28,000. Buck Wealth Strategies LLC bought a new position in Alphabet during the 3rd quarter valued at approximately $32,000. Finally, Barometer Capital Management Inc. purchased a new stake in Alphabet in the 3rd quarter worth approximately $32,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on GOOG. Oppenheimer upped their target price on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Morgan Stanley reissued an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Raymond James raised their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna increased their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus raised their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $165.67.

Alphabet Trading Down 3.3 %

Alphabet stock opened at $167.90 on Tuesday. The business has a 50-day simple moving average of $149.64 and a two-hundred day simple moving average of $142.97. Alphabet Inc. has a 52-week low of $104.50 and a 52-week high of $176.42. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.09 trillion, a P/E ratio of 25.75, a P/E/G ratio of 1.59 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. Analysts predict that Alphabet Inc. will post 6.8 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the sale, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The disclosure for this sale can be found here. Insiders sold a total of 253,209 shares of company stock worth $36,711,144 over the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Company 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.