Carret Asset Management LLC Sells 910 Shares of Alphabet Inc. (NASDAQ: GOOGL)
Carret Asset Management LLC cut its holdings in Alphabet Inc. (NASDAQ: GOOGL– Free Report) by 0.8% during the very first quarter, according to the business in its latest filing with the Securities & Exchange Commission. The institutional financier owned 111,209 shares of the information companies’s stock after selling 910 shares during the duration. Alphabet […]
Carret Property Management LLC cut its holdings in Alphabet Inc. (NASDAQ: GOOGL– Free Report) by 0.8% during the very first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The institutional investor owned 111,209 shares of the information services provider’s stock after offering 910 shares throughout the duration. Alphabet makes up approximately 1.9% of Carret Possession Management LLC’s holdings, making the stock its 7th biggest holding. Carret Property Management LLC’s holdings in Alphabet were worth $17,197,000 as of its newest SEC filing. A variety of other institutional financiers likewise just recently made changes to their positions in GOOGL. Rockbridge Capital Management LLC got a new stake in Alphabet in the 4th quarter worth $3,119,000. Optivise Advisory Services LLC increased its position in Alphabet by 8.0% in the 4th quarter. Optivise Advisory Solutions LLC now owns 5,464 shares of the info companies’s stock worth $1,035,000 after purchasing an extra 403 shares during the period. Neighborhood Bank N.A. increased its position in Alphabet by 6.4% in the fourth quarter. Community Bank N.A. now owns 46,173 shares of the info providers’s stock worth $8,741,000 after purchasing an extra 2,790 shares during the period. Premier Fund Managers Ltd increased its position in Alphabet by 30.0% in the fourth quarter. Premier Fund Managers Ltd now owns 61,792 shares of the info services provider’s stock worth $11,816,000 after buying an extra 14,262 shares during the duration. Finally, Absolute Capital Management LLC increased its position in Alphabet by 14.0% in the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information companies’s stock worth $401,000 after purchasing an additional 258 shares throughout the period. 40.03% of the stock is owned by hedge funds and institutional financiers. Alphabet Stock Down 0.9% Shares of Alphabet stock opened at $165.19 on Tuesday. The stock has a 50-day moving average price of $164.89 and a 200 day moving typical cost of $174.66. The business has a market cap of $2.00 trillion, a P/E ratio of 18.42, a P/E/G ratio of 1.06 and a beta of 1.01. The business has a present ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. Alphabet Increases Dividend The company also just recently stated a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 9th. This is a boost from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is 9.36%. Analysts Set New Rate Targets A number of brokerages have weighed in on GOOGL. Jefferies Financial Group dropped their target price on Alphabet from $235.00 to $200.00 and set a “buy” score on the stock in a research study report on Monday, March 31st. Susquehanna dropped their target cost on Alphabet from $225.00 to $220.00 and set a “favorable” ranking on the stock in a research report on Friday, April 25th. Bank of America increased their target cost on Alphabet from $185.00 to $200.00 and gave the stock a “buy” ranking in a research report on Friday, April 25th. Wells Fargo & Company increased their price target on Alphabet from $167.00 to $175.00 and provided the stock an “equal weight” rating in a research study note on Friday, April 25th. Rosenblatt Securities reissued a “neutral” rating and released a $189.00 cost target on shares of Alphabet in a research study note on Wednesday, May 21st. Ten investment experts have rated the stock with a hold ranking, twenty-six have designated a buy score and 4 have actually released a strong buy rating to the business’s stock. According to information from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus rate target of $199.75. View Our Latest Stock Analysis on Alphabet Insider Deals at Alphabet In other news, insider John Kent Walker sold 11,764 shares of the stock in a transaction dated Thursday, March 27th. The stock was cost an average cost of $166.84, for a total transaction of $1,962,705.76. Following the transaction, the expert now owns 49,037 shares of the company’s stock, valued at approximately $8,181,333.08. This represents a 19.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. CEO Sundar Pichai offered 32,500 shares of the stock in a transaction dated Wednesday, April Second. The shares were sold at an average rate of $158.56, for a total value of $5,153,200.00. Following the deal, the president now straight owns 2,717,696 shares in the company, valued at around $430,917,877.76. This represents a 1.18% reduction in their position. The disclosure for this sale can be discovered here. Experts sold 228,070 shares of business stock valued at $37,745,632 in the last 3 months. Business insiders own 11.55% of the business’s stock. Alphabet Profile (Free Report) Alphabet Inc offers various items and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It runs through Google Providers, Google Cloud, and Other Bets sections. The Google Providers sector supplies products and services, consisting of advertisements, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Browse, and YouTube. Even More Reading Wish to see what other hedge funds are holding GOOGL? Go to HoldingsChannel.com to get the current 13F filings and insider trades for Alphabet Inc. (NASDAQ: GOOGL– Free Report ). Receive News & Scores for Alphabet Daily – Enter your email address below to get a concise day-to-day summary of the current news and experts’ scores for Alphabet and associated companies with MarketBeat.com’s FREE everyday email newsletter.
Alphabet consists of around 1.9% of Carret Asset Management LLC’s holdings, making the stock its 7th largest holding. Alphabet Stock Down 0.9% Shares of Alphabet stock opened at $165.19 on Tuesday. View Our Latest Stock Analysis on Alphabet Expert Transactions at Alphabet In other news, expert John Kent Walker sold 11,764 shares of the stock in a deal dated Thursday, March 27th. Alphabet Profile (Free Report) Alphabet Inc provides numerous items and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. Get News & Rankings for Alphabet Daily – Enter your e-mail address below to receive a concise day-to-day summary of the newest news and experts’ scores for Alphabet and associated business with MarketBeat.com’s FREE everyday e-mail newsletter.
