Capital City Trust Co. FL Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Capital City Trust Co. FL lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 23.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,632 shares of the information services provider’s stock after buying an additional 492 shares during the period. Capital City Trust Co. FL’s holdings in Alphabet were worth $440,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GOOG. Strengthening Families & Communities LLC grew its stake in Alphabet by 1.4% during the 3rd quarter. Strengthening Families & Communities LLC now owns 27,911 shares of the information services provider’s stock worth $4,667,000 after buying an additional 380 shares during the last quarter. Holistic Financial Partners boosted its holdings in Alphabet by 6.5% in the third quarter. Holistic Financial Partners now owns 2,269 shares of the information services provider’s stock worth $379,000 after acquiring an additional 138 shares in the last quarter. Aviso Wealth Management grew its stake in shares of Alphabet by 3.7% during the third quarter. Aviso Wealth Management now owns 3,930 shares of the information services provider’s stock worth $657,000 after acquiring an additional 139 shares during the last quarter. Taurus Asset Management LLC increased its holdings in shares of Alphabet by 0.4% during the third quarter. Taurus Asset Management LLC now owns 254,697 shares of the information services provider’s stock valued at $42,583,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Alphabet by 4,715.5% in the third quarter. Quest Partners LLC now owns 8,090 shares of the information services provider’s stock worth $1,353,000 after buying an additional 7,922 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $173.89 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a fifty day moving average of $167.01 and a 200 day moving average of $171.74. The firm has a market cap of $2.13 trillion, a PE ratio of 23.06, a PEG ratio of 1.22 and a beta of 1.04. Alphabet Inc. has a one year low of $129.40 and a one year high of $193.31.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 7.99 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GOOG. Scotiabank started coverage on shares of Alphabet in a report on Friday, October 11th. They set a “sector outperform” rating and a $212.00 price objective on the stock. Wells Fargo & Company upped their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group raised their price target on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Oppenheimer boosted their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $200.56.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the transaction, the chief accounting officer now directly owns 32,017 shares in the company, valued at approximately $5,136,807.48. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the completion of the sale, the chief executive officer now owns 2,159,885 shares of the company’s stock, valued at approximately $362,126,319.10. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 206,795 shares of company stock worth $34,471,141. 12.99% of the stock is owned by corporate insiders.

About Alphabet

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.