Goelzer Investment Management Inc. Has $16.03 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Goelzer Investment Management Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,853 shares of the information services provider’s stock after acquiring an additional 639 shares during the quarter. Alphabet makes up approximately 0.9% of Goelzer Investment Management Inc.’s investment portfolio, making the stock its 14th largest position. Goelzer Investment Management Inc.’s holdings in Alphabet were worth $16,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Azimuth Capital Investment Management LLC grew its holdings in Alphabet by 7.6% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 15,515 shares of the information services provider’s stock worth $2,187,000 after purchasing an additional 1,090 shares during the period. Waterloo Capital L.P. raised its stake in Alphabet by 241.6% in the 4th quarter. Waterloo Capital L.P. now owns 16,788 shares of the information services provider’s stock valued at $2,366,000 after acquiring an additional 11,873 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new stake in Alphabet during the 4th quarter valued at $68,000. Tsai Capital Corp lifted its holdings in Alphabet by 4.1% during the 4th quarter. Tsai Capital Corp now owns 48,734 shares of the information services provider’s stock valued at $6,868,000 after purchasing an additional 1,923 shares during the last quarter. Finally, Traction Financial Partners LLC bought a new position in Alphabet during the fourth quarter worth $208,000. Institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Oppenheimer dropped their price objective on shares of Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Pivotal Research started coverage on shares of Alphabet in a research report on Tuesday. They set a “buy” rating and a $215.00 price objective for the company. Cantor Fitzgerald raised Alphabet to a “hold” rating in a research report on Thursday, September 5th. DA Davidson upgraded Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Finally, Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a research note on Friday, June 28th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $183.75.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the transaction, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 217,592 shares of company stock valued at $35,922,911. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of GOOG stock traded up $1.35 during trading on Friday, hitting $168.56. The company had a trading volume of 11,435,318 shares, compared to its average volume of 19,948,043. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a one year low of $121.46 and a one year high of $193.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The stock’s 50-day moving average price is $163.53 and its 200 day moving average price is $168.63.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $84.22 billion. During the same period in the prior year, the company posted $1.44 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. Equities analysts expect that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, September 9th. Alphabet’s payout ratio is presently 12.27%.

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.