Culbertson A N & Co. Inc. Has $13.28 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Culbertson A N & Co. Inc. lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,722 shares of the information services provider’s stock after selling 456 shares during the period. Alphabet comprises about 2.1% of Culbertson A N & Co. Inc.’s investment portfolio, making the stock its 8th biggest holding. Culbertson A N & Co. Inc.’s holdings in Alphabet were worth $13,278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GOOG. ZWJ Investment Counsel Inc. lifted its stake in Alphabet by 0.7% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 481,190 shares of the information services provider’s stock valued at $91,638,000 after buying an additional 3,411 shares during the last quarter. Pure Financial Advisors LLC raised its holdings in shares of Alphabet by 27.3% during the fourth quarter. Pure Financial Advisors LLC now owns 23,888 shares of the information services provider’s stock valued at $4,549,000 after buying an additional 5,116 shares during the last quarter. Tudor Financial Inc. boosted its position in shares of Alphabet by 1.2% during the fourth quarter. Tudor Financial Inc. now owns 8,473 shares of the information services provider’s stock worth $1,614,000 after buying an additional 100 shares during the period. Abacus Wealth Partners LLC grew its holdings in Alphabet by 2.0% in the 4th quarter. Abacus Wealth Partners LLC now owns 5,129 shares of the information services provider’s stock worth $977,000 after buying an additional 100 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its position in Alphabet by 1.2% in the 4th quarter. Koshinski Asset Management Inc. now owns 29,353 shares of the information services provider’s stock valued at $5,590,000 after acquiring an additional 357 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the sale, the director now directly owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock worth $24,368,654 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOG opened at $200.03 on Thursday. The company has a 50-day moving average of $186.56 and a two-hundred day moving average of $174.89. The stock has a market cap of $2.45 trillion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.25 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a one year low of $131.55 and a one year high of $203.84.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company’s revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. On average, equities research analysts expect that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is presently 10.61%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Canaccord Genuity Group boosted their price target on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their target price on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their price target on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Scotiabank assumed coverage on shares of Alphabet in a report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price objective for the company. Finally, Oppenheimer boosted their target price on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $200.56.

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.