Rodgers Brothers Inc. Sells 300 Shares of Alphabet Inc. (NASDAQ:GOOG)

Rodgers Brothers Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOG) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,213 shares of the information services provider’s stock after selling 300 shares during the quarter. Rodgers Brothers Inc.’s holdings in Alphabet were worth $3,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its position in Alphabet by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock valued at $1,843,149,000 after acquiring an additional 264,962 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of Alphabet in the third quarter valued at approximately $505,000. Tradition Wealth Management LLC increased its holdings in shares of Alphabet by 8.3% in the third quarter. Tradition Wealth Management LLC now owns 13,533 shares of the information services provider’s stock valued at $2,263,000 after purchasing an additional 1,037 shares in the last quarter. Semmax Financial Advisors Inc. raised its position in Alphabet by 5.4% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 10,729 shares of the information services provider’s stock worth $1,967,000 after purchasing an additional 554 shares during the last quarter. Finally, Timber Creek Capital Management LLC lifted its holdings in Alphabet by 3.1% during the 3rd quarter. Timber Creek Capital Management LLC now owns 68,194 shares of the information services provider’s stock worth $11,401,000 after buying an additional 2,054 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Down 4.9 %

Alphabet stock opened at $156.06 on Monday. The company’s 50-day moving average is $181.53 and its 200-day moving average is $178.69. The firm has a market capitalization of $1.90 trillion, a PE ratio of 19.39, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a fifty-two week low of $148.20 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. Sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,368 shares of Alphabet stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $3,961,445.55. This trade represents a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,992 shares of company stock valued at $16,097,111 in the last quarter. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GOOG shares. Benchmark reissued a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $208.56.

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.