McDonough Capital Management Inc Increases Position in Alphabet Inc. (NASDAQ:GOOG)

McDonough Capital Management Inc grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,652 shares of the information services provider’s stock after buying an additional 2,340 shares during the quarter. Alphabet accounts for approximately 9.4% of McDonough Capital Management Inc’s portfolio, making the stock its 3rd largest holding. McDonough Capital Management Inc’s holdings in Alphabet were worth $15,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Swedbank AB boosted its holdings in shares of Alphabet by 0.6% during the third quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock worth $1,394,181,000 after purchasing an additional 51,226 shares during the period. M&G PLC purchased a new stake in shares of Alphabet during the third quarter worth about $2,240,000. Hanseatic Management Services Inc. boosted its holdings in shares of Alphabet by 5.9% during the third quarter. Hanseatic Management Services Inc. now owns 4,958 shares of the information services provider’s stock worth $829,000 after purchasing an additional 276 shares during the period. WoodTrust Financial Corp boosted its holdings in shares of Alphabet by 1.9% during the third quarter. WoodTrust Financial Corp now owns 50,833 shares of the information services provider’s stock worth $8,499,000 after purchasing an additional 934 shares during the period. Finally, Cozad Asset Management Inc. boosted its holdings in shares of Alphabet by 2.6% during the third quarter. Cozad Asset Management Inc. now owns 18,248 shares of the information services provider’s stock worth $3,051,000 after purchasing an additional 464 shares during the period. 27.26% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $175.75 on Friday. Alphabet Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $208.70. The company has a 50 day simple moving average of $189.85 and a two-hundred day simple moving average of $177.94. The company has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOG) last announced its quarterly 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 28.60% and a return on equity of 32.49%. Analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction of $291,330.00. Following the sale, the director now directly owns 23,324 shares of the company’s stock, valued at $4,529,987.28. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,316 shares of company stock valued at $25,062,887 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GOOG. Scotiabank increased their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Wedbush restated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $209.13.

About Alphabet

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.