Campbell Deegan Wealth Management LLC Invests $383,000 in Alphabet Inc. (NASDAQ:GOOG)

Campbell Deegan Wealth Management LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,012 shares of the information services provider's stock, valued at approximately $383,000. Alphabet comprises 0.5% of Campbell Deegan Wealth Management LLC's holdings, making the stock its 28th largest holding.

A number of other hedge funds also recently modified their holdings of GOOG. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter worth $27,000. LSV Asset Management acquired a new stake in shares of Alphabet in the fourth quarter valued at about $27,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet during the fourth quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet in the fourth quarter worth approximately $39,000. Finally, Noble Wealth Management PBC bought a new position in Alphabet in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $105,000.00. Following the transaction, the director now owns 6,813 shares of the company's stock, valued at $1,192,275. This trade represents a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 9,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,575,000.00. Following the transaction, the director now directly owns 255,400 shares in the company, valued at approximately $44,695,000. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,533 shares of company stock worth $26,772,774. Corporate insiders own 12.99% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Scotiabank dropped their target price on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Westpark Capital reissued a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Friday, April 25th. Oppenheimer boosted their target price on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Finally, Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $203.94.

Alphabet Trading Down 1.2%

Shares of GOOG traded down $2.09 during midday trading on Friday, hitting $170.87. 36,230,934 shares of the stock were exchanged, compared to its average volume of 20,270,754. The firm has a market cap of $2.07 trillion, a P/E ratio of 21.23, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The stock has a fifty day simple moving average of $160.88 and a 200 day simple moving average of $176.30.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. The business had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.49%. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

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.