Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Boosted by Poehling Capital Management INC.

Poehling Capital Management INC. raised its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,588 shares of the information services provider's stock after buying an additional 2,974 shares during the quarter. Alphabet makes up approximately 3.0% of Poehling Capital Management INC.'s investment portfolio, making the stock its 7th largest position. Poehling Capital Management INC.'s holdings in Alphabet were worth $12,300,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on GOOG shares. Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a research note on Friday, May 2nd. KeyCorp dropped their price objective on Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. increased their target price on Alphabet from $180.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $203.94.

Alphabet Stock Down 1.4%

Shares of GOOG traded down $2.39 during midday trading on Monday, reaching $169.59. The stock had a trading volume of 24,910,508 shares, compared to its average volume of 20,117,989. The company has a market cap of $2.06 trillion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.34 and a beta of 1.01. The company's fifty day simple moving average is $160.47 and its two-hundred day simple moving average is $176.56. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The company 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%. Alphabet's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $1.89 earnings per share. Equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 0.50%. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is presently 9.36%.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,374 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the sale, the chief accounting officer now owns 15,024 shares of the company's stock, valued at approximately $2,606,213.28. This trade represents a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 200 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. The trade was a 2.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,654 shares of company stock valued at $26,793,380. Corporate insiders own 12.99% of the company's stock.

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.