Montag & Caldwell LLC Reduces Stake in Alphabet Inc. (NASDAQ:GOOGL)

Montag & Caldwell LLC trimmed its position in Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 22.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.

The institutional investor owned 175,040 shares of the information services provider’s stock after selling 51,554 shares during the period. Alphabet makes up approximately 6.4% of Montag & Caldwell LLC’s holdings, making the stock its 2nd biggest holding.



Montag & Caldwell LLC’s holdings in Alphabet were worth $31,884,000 at the end of the most recent quarter. Several other institutional investors also recently bought and sold shares of the company. MorganRosel Wealth Management LLC boosted its holdings in Alphabet by 3.

6% in the 2nd quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider’s stock valued at $295,000 after purchasing an additional 57 shares during the last quarter. Hengehold Capital Management LLC raised its stake in shares of Alphabet by 0.

8% in the 2nd quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider’s stock valued at $1,316,000 after acquiring an additional 60 shares during the period. Christopher J.

Hasenberg Inc increased its stake in Alphabet by 75.0% during the 2nd quarter. Christopher J.

Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after buying an additional 60 shares during the period. Joseph P. Lucia & Associates LLC increased its stake in Alphabet by 1.

0% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 6,624 shares of the information services provider’s stock worth $1,000,000 after buying an additional 64 shares during the period.

Finally, Sunflower Bank N.A. increased its stake in Alphabet by 1.

0% during the 2nd quarter. Sunflower Bank N.A.

now owns 6,309 shares of the information services provider’s stock worth $1,149,000 after buying an additional 65 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets In other news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $185.

85, for a total transaction of $278,775.00. Following the completion of the transaction, the director now directly owns 30,824 shares in the company, valued at $5,728,640.

40. The sale was disclosed in a filing with the SEC, which can be accessed through this link . In related news, Director John L.

Hennessy sold 1,500 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $185.85, for a total value of $278,775.

00. Following the completion of the transaction, the director now directly owns 30,824 shares in the company, valued at $5,728,640.40.

The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, insider John Kent Walker sold 16,802 shares of Alphabet stock in a transaction on Friday, September 27th. The shares were sold at an average price of $165.

47, for a total value of $2,780,226.94. Following the transaction, the insider now directly owns 43,999 shares of the company’s stock, valued at $7,280,514.

53. The disclosure for this sale can be found here . Insiders sold 193,725 shares of company stock valued at $31,933,031 over the last 90 days.

11.55% of the stock is currently owned by company insiders. Analyst Upgrades and Downgrades Read Our Latest Report on Alphabet Alphabet Price Performance NASDAQ GOOGL opened at $165.

85 on Tuesday. The stock’s 50-day moving average price is $162.52 and its two-hundred day moving average price is $166.

84. The company has a current ratio of 2.08, a quick ratio of 2.

08 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.

05 trillion, a PE ratio of 25.44, a PEG ratio of 1.21 and a beta of 1.

04. Alphabet Inc. has a 1 year low of $120.

21 and a 1 year high of $191.75. Alphabet ( NASDAQ:GOOGL – Get Free Report ) last issued its earnings results on Tuesday, July 23rd.

The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.

04. The company had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.

60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.

70%. During the same quarter in the prior year, the company earned $1.44 EPS.

On average, analysts predict that Alphabet Inc. will post 7.63 EPS for the current year.

Alphabet Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were given a dividend of $0.20 per share.

The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.

48%. Alphabet’s payout ratio is currently 12.27%.

About Alphabet ( Free Report ) 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.

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