MOKAN Wealth Management Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,180 shares of the information services provider's stock, valued at approximately $3,842,000. Alphabet comprises 2.4% of MOKAN Wealth Management Inc.'s investment portfolio, making the stock its 13th largest position.
Other large investors also recently made changes to their positions in the company. Arlington Trust Co LLC lifted its holdings in Alphabet by 0.4% during the fourth quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider's stock worth $2,747,000 after acquiring an additional 52 shares during the period. Harrell Investment Partners LLC increased its position in Alphabet by 0.9% in the fourth quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider's stock worth $1,078,000 after buying an additional 53 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in Alphabet by 1.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider's stock worth $966,000 after buying an additional 54 shares during the last quarter. Tempus Wealth Planning LLC increased its position in Alphabet by 1.7% in the fourth quarter. Tempus Wealth Planning LLC now owns 3,337 shares of the information services provider's stock worth $636,000 after buying an additional 55 shares during the last quarter. Finally, Investment Advisory Group LLC increased its position in Alphabet by 0.7% in the fourth quarter. Investment Advisory Group LLC now owns 7,684 shares of the information services provider's stock worth $1,463,000 after buying an additional 56 shares during the last quarter. Institutional investors own 27.26% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on GOOG shares. Wells Fargo & Company raised their target price on Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Barclays raised their target price on Alphabet from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Canaccord Genuity Group raised their target price on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Scotiabank raised their target price on Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. Finally, Seaport Res Ptn upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and three 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 $209.13.
View Our Latest Stock Analysis on Alphabet
Alphabet Price Performance
GOOG stock traded down $4.49 during mid-day trading on Friday, hitting $182.15. 11,208,700 shares of the stock were exchanged, compared to its average volume of 17,409,787. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The business has a fifty day moving average price of $194.22 and a 200 day moving average price of $177.08. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $208.70. The stock has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.35 and a beta of 1.00.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.
Alphabet Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.
Insider Activity
In other news, Director Kavitark Ram Shriram sold 37,134 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares of the company's stock, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 17,690 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the sale, the insider now directly owns 43,111 shares of the company's stock, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,609 shares of company stock valued at $21,809,990. Insiders own 12.99% of the company's stock.
Alphabet Company 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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