Alphabet Inc. $GOOGL Shares Purchased by Dillon & Associates Inc.

Dillon & Associates Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,272 shares of the information services provider’s stock after purchasing an additional 1,988 shares during the period. Alphabet comprises about 4.7% of Dillon & Associates Inc.’s investment portfolio, making the stock its 4th biggest position. Dillon & Associates Inc.’s holdings in Alphabet were worth $34,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Guardian Wealth Management Inc. increased its stake in Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 119 shares during the period. IMA Advisory Services Inc. acquired a new stake in shares of Alphabet during the 1st quarter worth approximately $28,000. NBZ Investment Advisors LLC increased its position in shares of Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 90 shares during the period. CarsonAllaria Wealth Management Ltd. raised its stake in shares of Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 67 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Alphabet in the first quarter valued at $50,000. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the transaction, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at $4,236,785. The trade was a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 17,816 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the sale, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 221,796 shares of company stock valued at $53,983,001 over the last ninety days. 11.64% of the stock is owned by insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $276.41 on Monday. The stock has a market capitalization of $3.34 trillion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $292.01. The firm has a 50 day moving average of $257.24 and a 200-day moving average of $209.28.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The firm had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be paid a $0.21 dividend. The ex-dividend date is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 8.28%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Moffett Nathanson boosted their price target on shares of Alphabet from $295.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Loop Capital lifted their target price on shares of Alphabet from $190.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, October 24th. The Goldman Sachs Group increased their price target on shares of Alphabet from $288.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Robert W. Baird lifted their price objective on Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Finally, Citizens Jmp upped their price objective on Alphabet from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $304.10.

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.