Boston Common Asset Management LLC Lowers Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Boston Common Asset Management LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 165,939 shares of the information services provider’s stock after selling 1,840 shares during the quarter. Boston Common Asset Management LLC’s holdings in Alphabet were worth $27,743,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Baird Financial Group Inc. boosted its stake in Alphabet by 2.1% in the 4th quarter. Baird Financial Group Inc. now owns 5,700,669 shares of the information services provider’s stock worth $803,395,000 after purchasing an additional 119,370 shares in the last quarter. Buckingham Strategic Wealth LLC lifted its position in Alphabet by 1.9% during the fourth quarter. Buckingham Strategic Wealth LLC now owns 236,162 shares of the information services provider’s stock valued at $33,282,000 after purchasing an additional 4,455 shares during the last quarter. Buckingham Strategic Partners LLC boosted its stake in shares of Alphabet by 12.0% during the 4th quarter. Buckingham Strategic Partners LLC now owns 19,581 shares of the information services provider’s stock worth $2,760,000 after purchasing an additional 2,095 shares during the period. Gallagher Fiduciary Advisors LLC raised its stake in shares of Alphabet by 128.8% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 7,604 shares of the information services provider’s stock valued at $1,072,000 after acquiring an additional 4,280 shares in the last quarter. Finally, Groupama Asset Managment acquired a new stake in Alphabet in the fourth quarter valued at approximately $25,790,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

GOOG opened at $163.18 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $121.46 and a twelve month high of $193.31. The business’s 50 day moving average is $163.07 and its 200-day moving average is $169.07. The stock has a market cap of $2.01 trillion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $84.22 billion. During the same quarter in the previous year, the company earned $1.44 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts predict that Alphabet Inc. will post 7.64 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. Alphabet’s payout ratio is 11.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. UBS Group lowered their price target on Alphabet from $204.00 to $187.00 and set a “neutral” rating for the company in a research report on Monday. Pivotal Research started coverage on Alphabet in a research note on Tuesday, October 1st. They issued a “buy” rating and a $215.00 price objective on the stock. TD Cowen upped their price objective on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, DA Davidson raised Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.11.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $182.84, for a total value of $4,113,900.00. Following the completion of the sale, the chief executive officer now directly owns 2,204,885 shares in the company, valued at approximately $403,141,173.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $182.84, for a total value of $4,113,900.00. Following the sale, the chief executive officer now owns 2,204,885 shares of the company’s stock, valued at $403,141,173.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now owns 31,334 shares in the company, valued at $5,264,112. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,092 shares of company stock worth $35,644,136 in the last 90 days. 12.99% of the stock is owned by 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.