Heritage Investors Management Corp Has $104.58 Million Position in Alphabet Inc. $GOOG

Key Points

• Heritage Investors Management Corp slightly reduced its Alphabet stake by 2.1% in the first quarter, but still held 364,585 shares valued at about $104.6 million. Alphabet remained its fifth-largest position and accounted for 3.2% of the portfolio.
• Alphabet posted strong quarterly results, with EPS of $5.11 beating expectations and revenue of $109.9 billion topping estimates. Revenue rose 21.8% year over year, and analysts expect continued earnings growth for the full year.
• The company also raised its dividend to $0.22 per share from $0.21, while analysts remain generally bullish with a consensus rating of Buy and an average price target of $376.19.

Heritage Investors Management Corp trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 364,585 shares of the information services provider's stock after selling 7,912 shares during the period. Alphabet accounts for 3.2% of Heritage Investors Management Corp's portfolio, making the stock its 5th biggest position. Heritage Investors Management Corp's holdings in Alphabet were worth $104,585,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GOOG. Ring Mountain Capital LLC raised its stake in Alphabet by 0.9% during the fourth quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider's stock worth $1,174,000 after acquiring an additional 30 shares during the period. Cannon Financial Strategists Inc. lifted its holdings in Alphabet by 1.9% in the fourth quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock worth $499,000 after acquiring an additional 30 shares during the last quarter. Financial Enhancement Group LLC boosted its stake in Alphabet by 2.3% in the first quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock valued at $380,000 after acquiring an additional 30 shares during the period. HRC Wealth Management LLC boosted its stake in Alphabet by 1.0% in the fourth quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider's stock valued at $1,014,000 after acquiring an additional 31 shares during the period. Finally, Certior Financial Group LLC grew its holdings in shares of Alphabet by 3.5% during the fourth quarter. Certior Financial Group LLC now owns 919 shares of the information services provider's stock valued at $288,000 after purchasing an additional 31 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Price Performance

GOOG opened at $356.18 on Monday. The stock's 50 day moving average price is $368.31 and its 200 day moving average price is $333.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $4.32 trillion, a P/E ratio of 27.17, a P/E/G ratio of 1.52 and a beta of 1.23. Alphabet Inc. has a 12 month low of $173.88 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.81 EPS. As a group, research analysts predict that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is currently 6.71%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to benefit from bullish investor and analyst sentiment, with several recent reports highlighting strong earnings momentum, favorable price targets, and optimism around its AI and cloud growth. Zacks: Top-Performing ETF Areas of 1H 2026
• Positive Sentiment: Google Cloud is gaining enterprise traction, including a new Reuters report that Italy’s Intesa Sanpaolo moved core IT systems to Google’s cloud, supporting the case for faster cloud revenue growth. Reuters: Italy's Intesa shifts core IT banking systems to Google's cloud technology
• Positive Sentiment: Walmart’s partnership with Google on a Gemini-powered shopping experience reinforces Alphabet’s position in applied AI and could open future commerce-related revenue opportunities. 247WallSt: Which Stocks Win When Google AI Powers Walmart's Checkout?
• Neutral Sentiment: Alphabet was mentioned in connection with an Open USD stablecoin partnership list, but the report says some companies deny signing on, making the impact unclear. TipRanks: Open USD Stablecoin Lists Major Partners, But Some Say They Never Signed On
• Neutral Sentiment: Alphabet insider John Kent Walker sold shares, but the transaction appears routine and is unlikely by itself to change the company’s outlook. InsiderTrades: John Kent Walker Alphabet transaction
• Negative Sentiment: The EU’s top court upheld a record €4.1 billion antitrust fine against Google over Android practices, a meaningful legal setback that keeps regulatory pressure on Alphabet. Reuters: EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
• Negative Sentiment: Several articles flagged investor concern over Alphabet’s heavy AI infrastructure spending, with scrutiny growing around whether capex will pressure margins before it boosts returns. Yahoo Finance: Alphabet Drops 6% Despite $4.3 Trillion Valuation as AI Spending Draws Scrutiny

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the transaction, the chief accounting officer owned 27,348 shares in the company, valued at $9,345,358.56. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 8,998 shares of the company's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares of the company's stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 160,465 shares of company stock worth $8,020,511 in the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GOOG has been the topic of a number of research reports. Phillip Securities cut Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, April 15th. Wells Fargo & Company set a $416.00 price objective on Alphabet in a research report on Thursday. TD Cowen upped their price objective on Alphabet from $450.00 to $475.00 and gave the stock a "buy" rating in a research note on Tuesday, June 9th. Citigroup reaffirmed a "market outperform" rating on shares of Alphabet in a research report on Monday, June 22nd. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $425.00 price target on shares of Alphabet in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Alphabet has an average rating of "Buy" and a consensus price target of $376.19.

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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