Pioneer Trust Bank N A OR increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,174 shares of the information services provider's stock after purchasing an additional 2,604 shares during the quarter. Alphabet makes up approximately 4.4% of Pioneer Trust Bank N A OR's portfolio, making the stock its 5th largest position. Pioneer Trust Bank N A OR's holdings in Alphabet were worth $17,554,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new position in Alphabet during the fourth quarter valued at about $27,000. Weiss Asset Management LP bought a new position in shares of Alphabet in the third quarter worth about $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Alphabet in the third quarter valued at approximately $33,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet in the 4th quarter worth $38,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Alphabet during the fourth quarter valued at about $39,000. 27.26% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Scotiabank increased their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities reiterated a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $208.65.
Check Out Our Latest Analysis on Alphabet
Alphabet Stock Down 3.2 %
GOOG stock traded down $4.89 during trading hours on Friday, reaching $147.74. 39,777,547 shares of the stock were exchanged, compared to its average volume of 19,028,653. The company has a market cap of $1.80 trillion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.34 and a beta of 1.04. The firm's 50-day moving average is $177.04 and its 200-day moving average is $178.30. Alphabet Inc. has a 12 month low of $147.54 and a 12 month high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.54%. Alphabet's payout ratio is currently 9.94%.
Insiders Place Their Bets
In other news, CAO Amie Thuener O'toole sold 2,834 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares in the company, valued at $3,468,029.04. This represents a 13.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,797 shares of company stock valued at $21,089,470 in the last three months. 12.99% of the stock is currently owned by corporate insiders.
Alphabet Profile
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Free Report)
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.
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