Donaldson Capital Management LLC Grows Stake in Alphabet Inc. (NASDAQ:GOOGL)

Donaldson Capital Management LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,445 shares of the information services provider's stock after purchasing an additional 3,157 shares during the period. Donaldson Capital Management LLC's holdings in Alphabet were worth $13,335,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GOOGL. Compass Planning Associates Inc purchased a new stake in shares of Alphabet during the fourth quarter valued at $30,000. LMR Partners LLP bought a new position in Alphabet during the 3rd quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the fourth quarter worth approximately $39,000. Finally, PayPay Securities Corp grew its stake in shares of 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 acquiring an additional 65 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Down 3.2 %

NASDAQ GOOGL traded down $5.50 during trading hours on Wednesday, hitting $165.06. 28,889,147 shares of the company were exchanged, compared to its average volume of 25,905,073. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05. 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 stock has a 50-day moving average price of $181.11 and a 200 day moving average price of $176.78. The stock has a market cap of $2.01 trillion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last released its 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 return on equity of 32.49% and a net margin of 28.60%. Analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Robert W. Baird restated an "outperform" rating and issued a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Roth Mkm reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. KeyCorp cut their price target on Alphabet from $220.00 to $202.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. Finally, JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $210.59.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,368 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the sale, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $3,961,445.55. The trade was a 6.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,048 shares of company stock worth $17,374,274. 11.55% of the stock is currently owned by insiders.

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.