Wealth Dimensions Group Ltd. Increases Holdings in Alphabet Inc. (NASDAQ:GOOG)

Wealth Dimensions Group Ltd. boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 16.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,513 shares of the information services provider’s stock after buying an additional 1,799 shares during the quarter. Alphabet makes up approximately 0.6% of Wealth Dimensions Group Ltd.’s portfolio, making the stock its 24th biggest position. Wealth Dimensions Group Ltd.’s holdings in Alphabet were worth $2,383,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Fiduciary Advisors Inc. bought a new position in Alphabet during the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $27,000. WealthTrak Capital Management LLC bought a new position in shares of Alphabet in the fourth quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. bought a new stake in Alphabet during the 4th quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new stake in Alphabet during the 4th quarter valued at $43,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GOOG. Oppenheimer upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a report on Wednesday, March 19th. Westpark Capital assumed coverage on Alphabet in a research note on Tuesday, April 1st. They set a “buy” rating and a $210.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $210.88.

Alphabet Stock Down 1.4 %

Shares of NASDAQ:GOOG opened at $153.36 on Monday. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.04. The stock has a fifty day simple moving average of $167.16 and a two-hundred day simple moving average of $177.62. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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%. On average, research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. 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 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares of the company’s stock, 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 148,163 shares of company stock valued at $25,361,647 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Alphabet 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.