Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 18.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,907 shares of the information services provider’s stock after selling 1,300 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in Alphabet were worth $899,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GOOG. Quattro Financial Advisors LLC grew its position in Alphabet by 6,992.2% in the 1st quarter. Quattro Financial Advisors LLC now owns 10,000 shares of the information services provider’s stock worth $1,523,000 after purchasing an additional 9,859 shares during the last quarter. Buffington Mohr McNeal grew its position in Alphabet by 57.3% in the 1st quarter. Buffington Mohr McNeal now owns 38,245 shares of the information services provider’s stock valued at $5,823,000 after buying an additional 13,938 shares in the last quarter. Dash Acquisitions Inc. increased its stake in Alphabet by 4.4% during the 1st quarter. Dash Acquisitions Inc. now owns 138,607 shares of the information services provider’s stock valued at $21,745,000 after buying an additional 5,843 shares during the period. Applied Capital LLC FL raised its position in shares of Alphabet by 6.7% during the 1st quarter. Applied Capital LLC FL now owns 25,492 shares of the information services provider’s stock worth $3,881,000 after buying an additional 1,590 shares in the last quarter. Finally, Woodmont Investment Counsel LLC lifted its stake in shares of Alphabet by 0.8% in the 1st quarter. Woodmont Investment Counsel LLC now owns 73,308 shares of the information services provider’s stock worth $11,162,000 after acquiring an additional 567 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In other news, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $183.99, for a total transaction of $600,175.38. Following the completion of the sale, the senior vice president now owns 9 shares in the company, valued at approximately $1,655.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the transaction, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,880,764.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total transaction of $600,175.38. Following the sale, the senior vice president now owns 9 shares of the company’s stock, valued at $1,655.91. The disclosure for this sale can be found here. Insiders have sold a total of 123,788 shares of company stock worth $21,143,403 over the last three months. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Morgan Stanley reiterated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Stifel Nicolaus lifted their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Oppenheimer boosted their target price on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a report on Friday, June 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $167.86.

Alphabet Price Performance

GOOG opened at $186.61 on Wednesday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 1 year low of $115.83 and a 1 year high of $187.50. The stock has a fifty day moving average price of $174.93 and a 200 day moving average price of $156.20. The stock has a market cap of $2.31 trillion, a price-to-earnings ratio of 28.62, a PEG ratio of 1.38 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS. Analysts forecast that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s payout ratio is 12.27%.

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.