Alphabet Inc. (NASDAQ:GOOGL) Holdings Lessened by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. decreased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,531,957 shares of the information services provider's stock after selling 245,760 shares during the period. Alphabet accounts for about 5.0% of Montrusco Bolton Investments Inc.'s holdings, making the stock its 4th biggest position. Montrusco Bolton Investments Inc.'s holdings in Alphabet were worth $379,352,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Harbour Trust & Investment Management Co raised its position in shares of Alphabet by 0.3% in the first quarter. Harbour Trust & Investment Management Co now owns 27,075 shares of the information services provider's stock valued at $4,187,000 after purchasing an additional 80 shares during the period. Rockbridge Capital Management LLC bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $3,119,000. Cypress Capital LLC raised its position in shares of Alphabet by 4.1% in the first quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider's stock valued at $2,213,000 after purchasing an additional 563 shares during the period. Optivise Advisory Services LLC raised its position in shares of Alphabet by 8.0% in the fourth quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider's stock valued at $1,035,000 after purchasing an additional 403 shares during the period. Finally, Community Bank N.A. increased its holdings in Alphabet by 6.4% during the 4th quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock worth $8,741,000 after acquiring an additional 2,790 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Down 0.9%

Shares of Alphabet stock traded down $1.72 during trading on Monday, hitting $191.46. The company's stock had a trading volume of 10,084,162 shares, compared to its average volume of 36,871,352. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The company has a fifty day simple moving average of $175.77 and a two-hundred day simple moving average of $172.79. The company has a market capitalization of $2.32 trillion, a PE ratio of 20.41, a P/E/G ratio of 1.31 and a beta of 1.00. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the prior year, the firm posted $1.89 EPS. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, September 8th. Alphabet's dividend payout ratio (DPR) is 8.95%.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of analyst reports. Stifel Nicolaus upped their target price on shares of Alphabet from $200.00 to $218.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Jefferies Financial Group decreased their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Citigroup upped their target price on shares of Alphabet from $203.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday. Oppenheimer upped their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Finally, Royal Bank Of Canada upped their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.32.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 400 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $181.98, for a total transaction of $72,792.00. Following the sale, the director directly owned 6,013 shares of the company's stock, valued at approximately $1,094,245.74. This represents a 6.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the firm's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the sale, the director directly owned 243,400 shares in the company, valued at approximately $45,213,984. The trade was a 7.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 249,409 shares of company stock valued at $43,523,710. 11.64% of the stock is owned by insiders.

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.