Chesley Taft & Associates LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.5% in the fourth quarter, HoldingsChannel reports. The fund owned 468,441 shares of the information services provider’s stock after selling 2,198 shares during the period. Alphabet accounts for 4.1% of Chesley Taft & Associates LLC’s portfolio, making the stock its 2nd biggest holding. Chesley Taft & Associates LLC’s holdings in Alphabet were worth $89,210,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Alpha Cubed Investments LLC increased its stake in Alphabet by 0.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 50,426 shares of the information services provider’s stock valued at $9,603,000 after purchasing an additional 139 shares in the last quarter. Charles Schwab Trust Co increased its stake in Alphabet by 22.9% during the 4th quarter. Charles Schwab Trust Co now owns 5,259 shares of the information services provider’s stock valued at $1,002,000 after purchasing an additional 979 shares in the last quarter. Aspiriant LLC increased its stake in Alphabet by 1.5% during the 4th quarter. Aspiriant LLC now owns 44,219 shares of the information services provider’s stock valued at $8,421,000 after purchasing an additional 640 shares in the last quarter. Ballentine Partners LLC increased its stake in Alphabet by 1.3% during the 4th quarter. Ballentine Partners LLC now owns 107,062 shares of the information services provider’s stock valued at $20,389,000 after purchasing an additional 1,378 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. increased its stake in Alphabet by 0.7% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 481,190 shares of the information services provider’s stock valued at $91,638,000 after purchasing an additional 3,411 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Alphabet
In other news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the completion of the transaction, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. This trade represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,387 shares of company stock valued at $24,368,654. 12.99% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Alphabet
Alphabet Price Performance
Shares of NASDAQ:GOOG opened at $199.58 on Friday. 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 1-year low of $131.55 and a 1-year high of $203.84. The company has a market capitalization of $2.44 trillion, a P/E ratio of 26.47, a P/E/G ratio of 1.27 and a beta of 0.99. The firm’s 50 day simple moving average is $186.95 and its two-hundred day simple moving average is $175.06.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Research analysts expect that Alphabet Inc. will post 8.03 EPS for the current fiscal year.
Alphabet Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.
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.
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