Lederer & Associates Investment Counsel CA Sells 91 Shares of Alphabet Inc. (NASDAQ:GOOG)

Lederer & Associates Investment Counsel CA trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,186 shares of the information services provider’s stock after selling 91 shares during the period. Lederer & Associates Investment Counsel CA’s holdings in Alphabet were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Catalina Capital Group LLC grew its holdings in Alphabet by 8.5% during the 4th quarter. Catalina Capital Group LLC now owns 25,880 shares of the information services provider’s stock worth $4,929,000 after acquiring an additional 2,027 shares in the last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of Alphabet by 2.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 34,564 shares of the information services provider’s stock valued at $6,582,000 after buying an additional 860 shares in the last quarter. Oregon Pacific Wealth Management LLC bought a new stake in shares of Alphabet in the 4th quarter valued at about $487,000. Means Investment CO. Inc. boosted its holdings in shares of Alphabet by 1.1% in the 4th quarter. Means Investment CO. Inc. now owns 119,480 shares of the information services provider’s stock valued at $22,754,000 after buying an additional 1,351 shares in the last quarter. Finally, Abner Herrman & Brock LLC boosted its holdings in shares of Alphabet by 1.1% in the 4th quarter. Abner Herrman & Brock LLC now owns 123,358 shares of the information services provider’s stock valued at $23,492,000 after buying an additional 1,344 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the sale, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,529 shares of company stock valued at $16,600,078 in the last three months. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GOOG shares. Wedbush restated an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Pivotal Research raised their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group lifted their target price on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Stock Performance

GOOG opened at $193.31 on Friday. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $208.70. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.37 trillion, a PE ratio of 25.64, a P/E/G ratio of 1.32 and a beta of 1.00. The firm has a 50 day moving average of $192.33 and a two-hundred day moving average of $176.03.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. On average, analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

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.