Alphabet Inc (NASDAQ:GOOG) Director John L. Hennessy sold 60 shares of the company's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $1,434.85, for a total transaction of $86,091.00. Following the transaction, the director now owns 629 shares in the company, valued at approximately $902,520.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Alphabet stock traded up $26.21 during mid-day trading on Friday, hitting $1,438.39. 1,734,889 shares of the company's stock traded hands, compared to its average volume of 2,105,575. The firm has a 50 day simple moving average of $1,353.60 and a two-hundred day simple moving average of $1,340.57. Alphabet Inc has a fifty-two week low of $1,013.54 and a fifty-two week high of $1,532.11. The stock has a market cap of $963.98 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 2.15 and a beta of 1.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 3.64.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.27 by ($1.40). Alphabet had a net margin of 20.71% and a return on equity of 17.43%. The business had revenue of $41.16 billion for the quarter, compared to analyst estimates of $40.29 billion. During the same period in the prior year, the business earned $9.50 EPS. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Alphabet Inc will post 41.47 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. Ameraudi Asset Management Inc. acquired a new stake in Alphabet during the 4th quarter valued at $207,000. Bainco International Investors lifted its holdings in Alphabet by 0.5% during the 4th quarter. Bainco International Investors now owns 12,372 shares of the information services provider's stock valued at $17,972,000 after purchasing an additional 60 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Alphabet by 1,050.5% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,185 shares of the information services provider's stock worth $1,584,000 after buying an additional 1,082 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Alphabet during the fourth quarter worth $22,903,000. Finally, Cannell Peter B & Co. Inc. lifted its holdings in shares of Alphabet by 1.3% during the fourth quarter. Cannell Peter B & Co. Inc. now owns 63,458 shares of the information services provider's stock worth $85,272,000 after buying an additional 788 shares in the last quarter. 33.00% of the stock is owned by institutional investors and hedge funds.
GOOG has been the topic of a number of research reports. Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a research report on Wednesday, April 29th. Deutsche Bank reaffirmed a "buy" rating and issued a $1,700.00 price target on shares of Alphabet in a research note on Tuesday, May 5th. Zacks Investment Research cut Alphabet from a "hold" rating to a "sell" rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on Alphabet from $1,340.00 to $1,505.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Finally, Pivotal Research upped their price target on Alphabet from $1,425.00 to $1,575.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Alphabet presently has an average rating of "Buy" and an average price target of $1,580.52.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio
Almost everyone loves a company that pays strong dividends. Who doesn't like receiving a check every quarter for simply owning a stock--especially if that stock is paying you back 4%, 5% or even 10% of its share price in annual income each year?. In a world where 10-year treasuries are yielding just above 2%, it seems hard to go wrong when buying a stock that's yielding significantly above the going rates on fixed-income assets. Unfortunately, the market rarely offers a free lunch.
While high-yield stocks may have a lot of near-term attractiveness, those same high-yields can often signal significant danger ahead. In some cases, it might mean that the company's dividend will stop growing or won't grow as fast as it used to. Worse yet, the company could cut its dividend, reduce the income you receive from owning the stock and drive down the value of the shares that you own.
4%-plus yields might seem like an easy opportunity to boost the investment income you receive, but high-yield stocks can just as often be a track reading to snare unsuspecting investors. It's not always easy to tell the difference though.
This slideshow highlights 10 high-yield dividend stocks that are paying an unsustainably large percentage of their earnings in the form of a dividend. These companies are all paying out more than 100% of their earnings per share in the form of a dividend, a sign that the advertised high-yield probably won't last.
View the "20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio".