Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Dagco Inc.

Dagco Inc. raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 13.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,866 shares of the information services provider’s stock after acquiring an additional 839 shares during the quarter. Dagco Inc.’s holdings in Alphabet were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Canada Post Corp Registered Pension Plan acquired a new position in shares of Alphabet in the 4th quarter valued at about $43,364,000. Causeway Capital Management LLC grew its stake in shares of Alphabet by 6.2% in the 4th quarter. Causeway Capital Management LLC now owns 595,557 shares of the information services provider’s stock valued at $113,418,000 after buying an additional 34,841 shares in the last quarter. Defined Financial Planning LLC bought a new stake in Alphabet in the fourth quarter worth approximately $362,000. LaSalle St. Investment Advisors LLC raised its holdings in shares of Alphabet by 199.8% during the 4th quarter. LaSalle St. Investment Advisors LLC now owns 16,951 shares of the information services provider’s stock valued at $3,228,000 after purchasing an additional 11,297 shares in the last quarter. Finally, Broyhill Asset Management bought a new stake in Alphabet in the fourth quarter worth $1,333,000. 27.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Scotiabank upped their price target on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Oppenheimer increased their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.71.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 118,297 shares of company stock worth $20,804,770 over the last quarter. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOG opened at $159.40 on Monday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The stock’s 50 day moving average price is $170.50 and its two-hundred day moving average price is $177.99. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last announced its quarterly 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 return on equity of 32.49% and a net margin of 28.60%. On average, analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.50%. Alphabet’s dividend payout ratio is currently 9.94%.

About Alphabet

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.