ZWJ Investment Counsel Inc. Reduces Holdings in Alphabet Inc (GOOG)

ZWJ Investment Counsel Inc. cut its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,969 shares of the information services provider’s stock after selling 407 shares during the quarter. Alphabet makes up approximately 2.3% of ZWJ Investment Counsel Inc.’s holdings, making the stock its 8th largest holding. ZWJ Investment Counsel Inc. owned about 44.70% of Alphabet worth $29,703,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. First Command Bank increased its holdings in shares of Alphabet by 19.5% in the 2nd quarter. First Command Bank now owns 319 shares of the information services provider’s stock valued at $290,000 after acquiring an additional 52 shares during the last quarter. Stock Yards Bank & Trust Co. increased its holdings in shares of Alphabet by 1.8% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 2,025 shares of the information services provider’s stock valued at $1,841,000 after acquiring an additional 35 shares during the last quarter. BKD Wealth Advisors LLC increased its holdings in shares of Alphabet by 7.7% in the 2nd quarter. BKD Wealth Advisors LLC now owns 1,005 shares of the information services provider’s stock valued at $913,000 after acquiring an additional 72 shares during the last quarter. Baker Boyer National Bank bought a new stake in shares of Alphabet in the 2nd quarter valued at approximately $200,000. Finally, Capital One National Association increased its holdings in shares of Alphabet by 0.7% in the 2nd quarter. Capital One National Association now owns 3,145 shares of the information services provider’s stock valued at $2,858,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 34.65% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Vetr downgraded Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price target for the company. in a report on Wednesday, January 10th. Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. JMP Securities reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,052.31.

In related news, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total transaction of $186,149.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total value of $38,653.98. Following the transaction, the director now directly owns 1,805 shares in the company, valued at $1,836,064.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,900 shares of company stock valued at $33,902,827. 13.92% of the stock is currently owned by company insiders.

Shares of Alphabet Inc (GOOG) opened at $1,121.76 on Wednesday. Alphabet Inc has a fifty-two week low of $790.52 and a fifty-two week high of $1,139.91. The company has a market capitalization of $782,300.00, a price-to-earnings ratio of 37.37 and a beta of 0.94. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. During the same period in the prior year, the business posted $9.06 earnings per share. Alphabet’s revenue was up 23.7% compared to the same quarter last year.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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