WoodTrust Financial Corp Boosts Stock Holdings in Alphabet Inc. $GOOG

Key Points

• WoodTrust Financial Corp increased its holdings in Alphabet Inc. by 6.3% in Q2, bringing its total shares to 56,125, valued at approximately $9.83 million.
• Alphabet reported $2.31 EPS for the last quarter, exceeding analyst estimates and showing a 13.8% year-over-year revenue growth to $96.43 billion.
• Alphabet recently announced a quarterly dividend of $0.21 per share, marking an annualized yield of 0.4%, with a payout ratio of 8.95%.

WoodTrust Financial Corp raised its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,125 shares of the information services provider's stock after purchasing an additional 3,347 shares during the period. Alphabet accounts for about 1.1% of WoodTrust Financial Corp's holdings, making the stock its 21st biggest position. WoodTrust Financial Corp's holdings in Alphabet were worth $9,832,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GOOG. MorganRosel Wealth Management LLC purchased a new position in Alphabet during the first quarter valued at approximately $26,000. IFS Advisors LLC grew its stake in Alphabet by 400.0% during the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock valued at $27,000 after acquiring an additional 120 shares in the last quarter. Robbins Farley grew its stake in Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider's stock valued at $28,000 after acquiring an additional 60 shares in the last quarter. WestEnd Advisors LLC grew its stake in Alphabet by 58.7% during the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider's stock valued at $29,000 after acquiring an additional 61 shares in the last quarter. Finally, Goodman Advisory Group LLC purchased a new position in Alphabet during the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Trading Down 1.9%

Shares of GOOG opened at $237.49 on Friday. The firm has a market cap of $2.87 trillion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.63 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $256.70. The firm has a 50 day moving average price of $226.97 and a 200-day moving average price of $189.66.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. The firm had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, September 8th. Alphabet's payout ratio is presently 8.95%.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $243.41, for a total value of $7,910,825.00. Following the transaction, the chief executive officer directly owned 2,402,119 shares of the company's stock, valued at $584,699,785.79. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction on Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the transaction, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 276,738 shares of company stock worth $59,135,475. Corporate insiders own 12.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Roth Capital reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Barclays reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Oppenheimer reiterated an "outperform" rating and set a $270.00 target price (up from $235.00) on shares of Alphabet in a research report on Wednesday, September 3rd. Jefferies Financial Group lifted their target price on shares of Alphabet from $230.00 to $285.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Finally, Citizens Jmp upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $241.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.