Gilman Hill Asset Management LLC Has $2.40 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Gilman Hill Asset Management LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,355 shares of the information services provider’s stock after selling 225 shares during the period. Gilman Hill Asset Management LLC’s holdings in Alphabet were worth $2,400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McGuire Investment Group LLC increased its stake in Alphabet by 37.5% in the 3rd quarter. McGuire Investment Group LLC now owns 2,125 shares of the information services provider’s stock valued at $355,000 after buying an additional 580 shares during the last quarter. Willner & Heller LLC grew its holdings in shares of Alphabet by 27.8% in the 3rd quarter. Willner & Heller LLC now owns 1,522 shares of the information services provider’s stock valued at $254,000 after acquiring an additional 331 shares in the last quarter. JBR Co Financial Management Inc increased its position in shares of Alphabet by 13.6% in the third quarter. JBR Co Financial Management Inc now owns 6,860 shares of the information services provider’s stock valued at $1,147,000 after acquiring an additional 820 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in Alphabet during the third quarter worth about $204,000. Finally, Bright Financial Advisors Inc. acquired a new position in Alphabet during the third quarter valued at approximately $234,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’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 value of $114,576.00. Following the transaction, the chief accounting officer now owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was 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 owns 312,210 shares of the company’s stock, valued at $50,765,346. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 216,092 shares of company stock worth $35,644,136 in the last quarter. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Up 0.8 %

Shares of Alphabet stock traded up $1.34 during trading on Friday, hitting $164.52. The company’s stock had a trading volume of 10,945,971 shares, compared to its average volume of 19,793,420. The stock has a market cap of $2.03 trillion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet Inc. has a 52 week low of $121.46 and a 52 week high of $193.31. The stock has a 50-day moving average price of $162.81 and a two-hundred day moving average price of $169.25.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. Equities research analysts anticipate that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. UBS Group dropped their price target on Alphabet from $204.00 to $187.00 and set a “neutral” rating on the stock in a research note on Monday, October 7th. TD Cowen boosted their price objective on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Rosenblatt Securities cut shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report on Friday, June 28th. Finally, Oppenheimer reduced their price target on Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $186.90.

Alphabet Company 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.