M. Kraus & Co Has $19.91 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

M. Kraus & Co lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 104,546 shares of the information services provider’s stock after selling 696 shares during the quarter. Alphabet accounts for about 6.0% of M. Kraus & Co’s investment portfolio, making the stock its 3rd largest holding. M. Kraus & Co’s holdings in Alphabet were worth $19,910,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Alphabet by 7.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,871 shares of the information services provider’s stock valued at $1,118,000 after purchasing an additional 419 shares during the period. Park Avenue Securities LLC raised its holdings in Alphabet by 2.1% during the 4th quarter. Park Avenue Securities LLC now owns 107,428 shares of the information services provider’s stock valued at $20,459,000 after buying an additional 2,259 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in Alphabet by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 21,001 shares of the information services provider’s stock valued at $4,000,000 after buying an additional 983 shares during the last quarter. SS&H Financial Advisors Inc. boosted its position in Alphabet by 1.0% during the 4th quarter. SS&H Financial Advisors Inc. now owns 24,360 shares of the information services provider’s stock valued at $4,640,000 after buying an additional 250 shares during the period. Finally, Board of the Pension Protection Fund bought a new stake in Alphabet in the 4th quarter worth $647,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on GOOG shares. Wells Fargo & Company upped their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Oppenheimer raised their target price on shares of Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup lifted their price target on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays boosted their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group raised their price objective on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $200.56.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the sale, the director now owns 330,466 shares in the company, valued at $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $4,085,531.55. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,387 shares of company stock valued at $24,368,654. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOG opened at $194.48 on Friday. The stock has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 25.79, a PEG ratio of 1.21 and a beta of 0.99. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $202.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The business’s fifty day moving average price is $185.32 and its 200-day moving average price is $174.70.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. During the same period last year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities analysts predict that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.41%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

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.