Segall Bryant & Hamill LLC Sells 1,880 Shares of Alphabet Inc. (NASDAQ:GOOG)

Segall Bryant & Hamill LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 309,922 shares of the information services provider's stock after selling 1,880 shares during the quarter. Alphabet accounts for about 0.8% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 14th largest position. Segall Bryant & Hamill LLC's holdings in Alphabet were worth $59,022,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Weiss Asset Management LP bought a new position in Alphabet in the third quarter worth $25,000. Fiduciary Advisors Inc. bought a new position in shares of Alphabet during the 4th quarter worth about $27,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Alphabet during the 3rd quarter valued at about $33,000. Mountain Hill Investment Partners Corp. bought a new stake in Alphabet in the fourth quarter valued at about $39,000. Finally, Noble Wealth Management PBC acquired a new position in Alphabet in the fourth quarter worth about $43,000. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Up 1.7 %

GOOG stock traded up $2.86 during midday trading on Tuesday, reaching $172.79. The stock had a trading volume of 13,811,344 shares, compared to its average volume of 17,855,898. The firm has a market cap of $2.11 trillion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a twelve month low of $148.20 and a twelve month high of $208.70. 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 business has a fifty day simple moving average of $183.93 and a two-hundred day simple moving average of $178.30.

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Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's payout ratio is 9.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GOOG. Cantor Fitzgerald reiterated a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. Wedbush reiterated an "outperform" rating and issued a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Benchmark reiterated a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Scotiabank lifted their price target on shares of Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $209.13.

Insider Activity

In related news, Director John L. Hennessy sold 200 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 29,066 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the transaction, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. This trade represents a 9.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,048 shares of company stock valued at $17,374,274 in the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet Company 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.