Boston Trust Walden Corp Trims Position in Alphabet Inc. (NASDAQ:GOOGL)

Boston Trust Walden Corp reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,337,747 shares of the information services provider’s stock after selling 50,409 shares during the quarter. Alphabet makes up 1.5% of Boston Trust Walden Corp’s portfolio, making the stock its 5th biggest position. Boston Trust Walden Corp’s holdings in Alphabet were worth $206,869,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GOOGL. Macroview Investment Management LLC grew its stake in shares of Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider’s stock worth $245,000 after purchasing an additional 52 shares during the last quarter. Addison Advisors LLC grew its stake in shares of Alphabet by 0.7% in the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider’s stock worth $1,425,000 after purchasing an additional 53 shares during the last quarter. Burt Wealth Advisors grew its stake in shares of Alphabet by 1.0% in the 4th quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider’s stock worth $1,005,000 after purchasing an additional 54 shares during the last quarter. Perritt Capital Management Inc grew its stake in shares of Alphabet by 10.4% in the 4th quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider’s stock worth $117,000 after purchasing an additional 58 shares during the last quarter. Finally, Nia Impact Advisors LLC grew its stake in shares of Alphabet by 0.3% in the 4th quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider’s stock worth $3,249,000 after purchasing an additional 59 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 673 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 11,764 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the transaction, the insider now directly owns 49,037 shares in the company, valued at $8,181,333.08. This trade represents a 19.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 228,070 shares of company stock worth $37,745,632 in the last 90 days. 11.64% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on GOOGL. Sanford C. Bernstein lifted their price objective on shares of Alphabet from $165.00 to $185.00 and gave the stock a “market perform” rating in a research note on Friday, April 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Alphabet in a report on Wednesday, April 23rd. Citigroup raised their target price on shares of Alphabet from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Tigress Financial raised their target price on shares of Alphabet from $220.00 to $240.00 and gave the stock a “strong-buy” rating in a report on Wednesday, April 30th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $189.00 target price on shares of Alphabet in a report on Wednesday, May 21st. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.75.

Alphabet Trading Down 3.9%

NASDAQ:GOOGL opened at $166.64 on Friday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The firm has a market cap of $2.02 trillion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.06 and a beta of 1.01. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $164.77 and its 200-day moving average is $174.72.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the firm posted $1.89 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were paid a dividend of $0.21 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.50%. Alphabet’s dividend payout ratio is presently 9.36%.

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.