Whittier Trust Co. Has $268.43 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Whittier Trust Co. lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,409,529 shares of the information services provider’s stock after buying an additional 3,058 shares during the period. Alphabet comprises 3.5% of Whittier Trust Co.’s holdings, making the stock its 4th largest holding. Whittier Trust Co.’s holdings in Alphabet were worth $268,430,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Weiss Asset Management LP purchased a new position in Alphabet during the third quarter worth $25,000. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet during the 4th quarter worth about $27,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Alphabet during the 3rd quarter worth about $33,000. Noble Wealth Management PBC bought a new position in Alphabet during the 4th quarter valued at about $43,000. Finally, FPC Investment Advisory Inc. raised its position in Alphabet by 287.9% in the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock worth $46,000 after purchasing an additional 167 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,368 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now owns 20,681 shares in the company, valued at $3,961,445.55. The trade was a 6.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock worth $17,374,274 over the last three months. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Up 2.2 %

GOOG opened at $166.28 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.03 trillion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12 month low of $147.67 and a 12 month high of $208.70. The stock has a fifty day moving average price of $185.52 and a 200-day moving average price of $178.02.

Alphabet (NASDAQ:GOOG) last posted its 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%. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s payout ratio is 9.94%.

Analysts Set New Price Targets

A number of research firms have recently commented on GOOG. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Scotiabank upped their price objective on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Oppenheimer raised their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $209.13.

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.