Boston Trust Walden Corp Has $258.25 Million Stake in Alphabet Inc. $GOOG

Key Points

• Boston Trust Walden Corp cut its stake in Alphabet by 11.6% in Q4 to 822,967 shares worth about $258.25 million, making Alphabet its fourth-largest holding at roughly 1.9% of the portfolio.
• Alphabet beat Q1 estimates with EPS of $5.11 vs. $2.68 expected and revenue of $109.9B (up 21.8%), while Google Cloud grew ~63% to ~$20B, spurring multiple analyst price-target raises and a consensus "Buy" rating (average target ~$362.73).
• The company raised its quarterly dividend to $0.22 (annualized $0.88, ~0.2% yield) but signaled very large AI-related capital spending ($185–190B for 2026 and higher expected), a factor that could pressure free cash flow and increase regulatory/cost risks.

Boston Trust Walden Corp cut its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 822,967 shares of the information services provider's stock after selling 108,290 shares during the quarter. Alphabet makes up approximately 1.9% of Boston Trust Walden Corp's investment portfolio, making the stock its 4th largest holding. Boston Trust Walden Corp's holdings in Alphabet were worth $258,247,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new stake in shares of Alphabet during the third quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Alphabet during the third quarter worth about $32,000. Towne Trust Company N.A grew its stake in shares of Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after acquiring an additional 34 shares during the last quarter. Tripletail Wealth Management LLC purchased a new stake in shares of Alphabet during the third quarter worth about $40,000. Finally, Creative Capital Management Investments LLC grew its stake in shares of Alphabet by 1,438.5% during the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider's stock worth $63,000 after acquiring an additional 187 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $383.22 on Friday. Alphabet Inc. has a twelve month low of $149.49 and a twelve month high of $383.39. The company's 50 day moving average is $312.44 and its 200 day moving average is $308.21. The company has a current ratio of 1.92, a quick ratio of 2.01 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.64 trillion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 2.36 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the prior year, the company earned $2.81 EPS. Alphabet's quarterly revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts forecast that Alphabet Inc. will post 12.78 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio is currently 6.41%.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the transaction, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. This represents a 18.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 47,574 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 191,986 shares of company stock worth $59,159,207 in the last 90 days. Corporate insiders own 12.99% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Record Q1 fundamentals — Alphabet beat estimates (EPS $5.11 vs. $2.64 consensus) and reported $109.9B revenue; Google Cloud grew ~63% to ~ $20B with a very large backlog, which underpins multi-year revenue visibility and explains the rally. Alphabet Q1 2026 Earnings Call Highlights
• Positive Sentiment: Wall Street is upgrading targets — multiple firms (JPMorgan, TD Cowen, Scotiabank, Raymond James, Piper Sandler and others) raised price targets and reiterated buys after the quarter, signaling analyst conviction that AI/cloud growth justifies higher valuation. Coverage: Recent price-target raises
• Positive Sentiment: Strategic wins and ecosystem advantages — articles argue Alphabet’s “compute” advantage (TPUs, datacenter scale, full‑stack Gemini integrations) gives it a structural edge versus rivals and supports both ad/product monetization and enterprise AI demand. Compute is destiny. Google just proved it.
• Neutral Sentiment: Government and enterprise demand — the U.S. Pentagon and other large customers have agreements with leading AI providers including Google, validating long-term cloud/AI revenue channels but timing and contract sizes vary. This supports durable demand but is not an immediate revenue kicker. Pentagon reaches agreements with leading AI companies
• Negative Sentiment: CapEx intensity and cash flow tradeoff — management signaled very large AI-related capital spending (2026 capex ~ $185–190B and “significantly higher” expected in 2027). That funds growth but will pressure free cash flow and raises execution/ROI scrutiny. Alphabet ups 2026 capex to as much as $190 billion
• Negative Sentiment: Rising cost concerns and regulatory risks — commentary highlights the growing capital and operating cost of AI (potential margin/cashflow headwinds), and regulators in Europe are probing Google’s AI/search features — both are watch‑items for investors. Google Stock Growth Collides With The Rising Cost Of AI Italy asks EU to investigate Google AI search tools

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GOOG. Raymond James Financial restated a "strong-buy" rating and set a $425.00 price target on shares of Alphabet in a research note on Thursday. Needham & Company LLC set a $400.00 price target on Alphabet and gave the stock a "buy" rating in a research note on Friday, March 13th. Piper Sandler restated an "overweight" rating and set a $395.00 price target on shares of Alphabet in a research note on Thursday, February 5th. KeyCorp set a $370.00 price target on Alphabet in a research note on Thursday, February 5th. Finally, UBS Group restated a "neutral" rating and set a $348.00 price target (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $362.73.

About Alphabet

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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