Citizens National Bank Trust Department Has $30.82 Million Stock Holdings in Alphabet Inc. $GOOG

Key Points

• Citizens National Bank Trust Department trimmed its Alphabet stake by 2.9% in the fourth quarter, but still held 98,226 shares worth about $30.8 million. Alphabet remains its second-largest holding and makes up 5.3% of the portfolio.
• Alphabet reported a strong quarter, with EPS of $5.11 versus the $2.68 estimate and revenue of $109.9 billion, up 21.8% year over year. Analysts currently have a consensus Buy rating on the stock, with an average price target of $362.73.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, though the yield remains low at about 0.2%. Meanwhile, insiders have sold shares recently and regulatory/legal risks, including EU antitrust scrutiny, remain a concern.

Citizens National Bank Trust Department cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,226 shares of the information services provider's stock after selling 2,886 shares during the quarter. Alphabet comprises 5.3% of Citizens National Bank Trust Department's portfolio, making the stock its 2nd biggest holding. Citizens National Bank Trust Department's holdings in Alphabet were worth $30,823,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. GPM Growth Investors Inc. lifted its holdings in Alphabet by 1.4% during the 4th quarter. GPM Growth Investors Inc. now owns 2,634 shares of the information services provider's stock valued at $827,000 after purchasing an additional 36 shares during the last quarter. Urban Wealth Management LLC acquired a new position in shares of Alphabet in the fourth quarter valued at $2,598,000. Wealthfront Advisers LLC increased its holdings in shares of Alphabet by 5.9% in the fourth quarter. Wealthfront Advisers LLC now owns 599,071 shares of the information services provider's stock valued at $187,988,000 after purchasing an additional 33,414 shares during the last quarter. Torren Management LLC bought a new position in shares of Alphabet in the fourth quarter valued at about $329,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Alphabet during the 4th quarter worth about $538,000. Institutional investors own 27.26% of the company's stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $397.05 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.80 trillion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. Alphabet Inc. has a twelve month low of $153.83 and a twelve month high of $398.37. The company has a 50-day simple moving average of $317.19 and a two-hundred day simple moving average of $311.59.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS 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 analysts' expectations of $106.96 billion. During the same period last year, the firm earned $2.81 earnings per share. The business's revenue for the quarter was up 21.8% on a year-over-year basis. Analysts forecast that Alphabet Inc. will post 14 EPS for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the transaction, the director directly owned 3,581 shares of the company's stock, valued at $1,187,638.65. The trade was a 22.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 955 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the sale, the chief accounting officer owned 9,918 shares of the company's stock, valued at approximately $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 158,553 shares of company stock worth $47,951,856 in the last quarter. Insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GOOG shares. Scotiabank reaffirmed an "outperform" rating and set a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Wells Fargo & Company upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a report on Tuesday, January 20th. Needham & Company LLC set a $400.00 target price on Alphabet and gave the company a "buy" rating in a research report on Friday, March 13th. Finally, Freedom Capital lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $362.73.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s recent earnings strength continues to drive optimism, with analysts raising price targets and earnings estimates after a strong Q1 beat that showed faster growth in Search, Cloud, and YouTube. Investors are also reacting to broad bullish coverage and high-profile holders adding to GOOG exposure.
• Positive Sentiment: Google is expanding its AI monetization tools, unveiling AI-powered Search and Shopping bidding/budgeting features that could make ad spending more efficient and support ad revenue growth. Article: Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Alphabet is also leaning into AI and consumer hardware, with new Fitbit Air and AI health-coach launches, plus continued work on smart glasses and broader agentic AI products. These developments reinforce the view that Google is becoming a major AI platform across ads, devices, and subscriptions.
• Neutral Sentiment: Several reports point to continued institutional interest and analyst support, including fund additions and upgraded target prices, but these are largely reinforcement signals rather than immediate catalysts.
• Negative Sentiment: Regulatory overhang remains a concern after Google was given more time to address EU antitrust issues, and a new UK lawsuit over online display ads adds another legal challenge. Article: Google has bit more time to address concerns in EU investigation, EU Commission says
• Negative Sentiment: Google also settled a racial discrimination lawsuit for $50 million, which removes some uncertainty but highlights ongoing reputational and legal risks tied to employment practices. Article: Google settles racial discrimination lawsuit for $50 million

Alphabet Company Profile

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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