Bradyco Inc. Purchases Shares of 15,440 Alphabet Inc. (NASDAQ:GOOGL)

Bradyco Inc. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,440 shares of the information services provider’s stock, valued at approximately $2,922,000. Alphabet comprises about 2.1% of Bradyco Inc.’s portfolio, making the stock its 11th largest position.

Several other hedge funds have also recently modified their holdings of GOOGL. Pettinga Financial Advisors LLC raised its stake in shares of Alphabet by 10.1% in the third quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock worth $363,000 after purchasing an additional 201 shares during the last quarter. Impax Asset Management Group plc increased its holdings in Alphabet by 6.8% in the 3rd quarter. Impax Asset Management Group plc now owns 728,575 shares of the information services provider’s stock worth $120,834,000 after buying an additional 46,677 shares during the period. David J Yvars Group increased its holdings in Alphabet by 16.3% in the 3rd quarter. David J Yvars Group now owns 4,290 shares of the information services provider’s stock worth $712,000 after buying an additional 600 shares during the period. WoodTrust Financial Corp raised its position in Alphabet by 1.0% during the 3rd quarter. WoodTrust Financial Corp now owns 66,226 shares of the information services provider’s stock worth $10,984,000 after buying an additional 682 shares during the last quarter. Finally, BNC Wealth Management LLC lifted its stake in Alphabet by 3.5% during the 3rd quarter. BNC Wealth Management LLC now owns 65,616 shares of the information services provider’s stock valued at $10,882,000 after acquiring an additional 2,243 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other news, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,048 shares of company stock valued at $17,374,274. 11.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent research reports. DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price for the company. in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Wedbush upped their target price on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Roth Mkm reaffirmed a “buy” rating and set a $220.00 target price on shares of Alphabet in a report on Wednesday. Finally, Wells Fargo & Company boosted their price target on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $210.59.

Alphabet Stock Performance

NASDAQ GOOGL opened at $162.80 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock’s fifty day moving average is $183.13 and its two-hundred day moving average is $176.37. The firm has a market capitalization of $1.98 trillion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a fifty-two week low of $146.90 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet’s dividend payout ratio is currently 9.94%.

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.