Indiana Trust & Investment Management CO Acquires 261 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Indiana Trust & Investment Management CO lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,914 shares of the information services provider’s stock after purchasing an additional 261 shares during the period. Alphabet accounts for 3.0% of Indiana Trust & Investment Management CO’s holdings, making the stock its 5th biggest holding. Indiana Trust & Investment Management CO’s holdings in Alphabet were worth $7,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new position in Alphabet in the fourth quarter valued at $30,000. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet in the fourth quarter valued at $38,000. Armor Investment Advisors LLC raised its holdings in shares of Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 80 shares during the period. IAG Wealth Partners LLC raised its holdings in shares of Alphabet by 55.9% during the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 123 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Alphabet during the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Down 1.8 %

GOOGL opened at $182.15 on Monday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.25 trillion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.37 and a beta of 1.01. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $186.05. The company’s 50-day moving average price is $172.85 and its two-hundred day moving average price is $154.44.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period in the previous year, the company earned $1.17 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, June 10th. Alphabet’s payout ratio is 12.27%.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total value of $266,880.00. Following the completion of the transaction, the director now directly owns 3,727 shares of the company’s stock, valued at approximately $663,107.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the completion of the transaction, the director now directly owns 3,727 shares of the company’s stock, valued at $663,107.84. The disclosure for this sale can be found here. Insiders have sold a total of 143,026 shares of company stock worth $24,026,243 over the last three months. 11.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

GOOGL has been the topic of several research reports. Susquehanna upped their price objective on shares of Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a report on Monday, April 29th. Barclays upped their price objective on shares of Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Raymond James upped their price objective on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Evercore ISI upped their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, June 11th. Finally, Oppenheimer upped their price objective on shares of Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.66.

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.