Segall Bryant & Hamill LLC Sells 1,880 Shares of Alphabet Inc. (NASDAQ:GOOG)

Segall Bryant & Hamill LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 309,922 shares of the information services provider’s stock after selling 1,880 shares during the period. Alphabet accounts for about 0.8% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 14th largest position. Segall Bryant & Hamill LLC’s holdings in Alphabet were worth $59,022,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Weiss Asset Management LP bought a new position in Alphabet in the third quarter worth approximately $25,000. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at $27,000. Safe Harbor Fiduciary LLC bought a new position in shares of Alphabet in the 3rd quarter worth $33,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Alphabet during the 4th quarter worth $39,000. Finally, Noble Wealth Management PBC bought a new stake in Alphabet during the fourth quarter valued at about $43,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Up 2.2 %

NASDAQ:GOOG opened at $169.93 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company’s fifty day moving average price is $183.93 and its 200-day moving average price is $178.30. Alphabet Inc. has a 1-year low of $148.20 and a 1-year high of $208.70. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 21.11, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 EPS 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. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is presently 9.94%.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the firm’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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,374 shares of Alphabet stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at $2,606,213.28. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock valued at $17,374,274 in the last 90 days. 12.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Benchmark reiterated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Morgan Stanley restated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $209.13.

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.