Trustmark National Bank Trust Department Has $7.36 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Trustmark National Bank Trust Department boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,878 shares of the information services provider's stock after purchasing an additional 1,735 shares during the quarter. Trustmark National Bank Trust Department's holdings in Alphabet were worth $7,360,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GOOGL. Compass Planning Associates Inc bought a new position in Alphabet during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in Alphabet during the fourth quarter worth $39,000. PayPay Securities Corp boosted its holdings in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares during the period. Finally, Prudent Man Investment Management Inc. bought a new stake in Alphabet during the fourth quarter valued at $53,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Down 1.5 %

Shares of GOOGL traded down $2.25 during trading hours on Friday, reaching $151.08. The company's stock had a trading volume of 32,930,996 shares, compared to its average volume of 28,329,951. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.84 trillion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a 50 day moving average of $165.14 and a two-hundred day moving average of $175.77. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.53%. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 148,163 shares of company stock valued at $25,361,647. Company insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GOOGL shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $178.00 price target on shares of Alphabet in a report on Wednesday. Wolfe Research upped their target price on Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research report on Thursday, April 10th. Wells Fargo & Company reduced their price objective on Alphabet from $184.00 to $167.00 and set an "equal weight" rating for the company in a research report on Monday, March 31st. Finally, Bank of America restated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $200.74.

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.