2,560 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Hall Capital Management Co. Inc.

Hall Capital Management Co. Inc. purchased a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,560 shares of the information services provider's stock, valued at approximately $488,000.

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

Alphabet Stock Up 2.6%

Shares of GOOG traded up $4.39 during trading hours on Tuesday, hitting $173.98. The company had a trading volume of 24,291,303 shares, compared to its average volume of 20,134,876. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.11 trillion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The company's fifty day moving average price is $160.54 and its two-hundred day moving average price is $176.49.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $90.23 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 earnings per share. The business's quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.48%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the completion of the sale, the director now owns 261,966 shares in the company, valued at approximately $45,844,050. This represents a 3.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,654 shares of company stock worth $26,793,380 in the last 90 days. Insiders own 12.99% of the company's stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Alphabet from $180.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Citigroup restated a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Susquehanna restated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Morgan Stanley reiterated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, KeyCorp dropped their price objective on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $203.94.

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.