Woodstock Corp Has $25.36 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Woodstock Corp cut its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,298 shares of the information services provider's stock after selling 1,862 shares during the quarter. Alphabet makes up approximately 2.5% of Woodstock Corp's holdings, making the stock its 7th largest holding. Woodstock Corp's holdings in Alphabet were worth $25,356,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GOOG. Fiduciary Advisors Inc. bought a new position in shares of Alphabet in the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new stake in Alphabet in the fourth quarter worth $27,000. WealthTrak Capital Management LLC purchased a new stake in Alphabet in the fourth quarter worth $38,000. Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet in the fourth quarter worth $39,000. Finally, Noble Wealth Management PBC purchased a new stake in Alphabet in the fourth quarter worth $43,000. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 11,764 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the sale, the insider now owns 49,037 shares of the company's stock, valued at $8,181,333.08. The trade was a 19.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 200 shares of the business'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 sale, the director now directly 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 ninety days, insiders sold 163,159 shares of company stock worth $26,534,426. Insiders own 12.99% of the company's stock.

Alphabet Stock Performance

GOOG traded down $2.48 during mid-day trading on Monday, reaching $170.37. 24,665,355 shares of the company traded hands, compared to its average volume of 20,256,657. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 21.16, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company's fifty day moving average price is $160.88 and its 200-day moving average price is $176.27. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its 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 business had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.89 EPS. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 9th. This is a positive change 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 payout ratio is currently 9.36%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GOOG. JPMorgan Chase & Co. upped their price target on Alphabet from $180.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Benchmark reiterated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Citigroup reiterated a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Morgan Stanley reiterated an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, UBS Group lowered their target price on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Three investment 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.88.

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.