Hancock Whitney Corp sells 5,511 shares of Alphabet Inc. (NASDAQ:GOOGL)

Hancock Whitney Corp reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 414,615 shares of the information services provider’s stock after selling 5,511 shares during the period. Alphabet comprises approximately 2.6% of Hancock Whitney Corp’s investment portfolio, making the stock its 7th largest position. Hancock Whitney Corp’s holdings in Alphabet were worth $75,522,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nebula Research & Development LLC acquired a new stake in Alphabet in the 4th quarter valued at approximately $787,000. New Hampshire Trust boosted its holdings in shares of Alphabet by 2.7% during the second quarter. New Hampshire Trust now owns 43,714 shares of the information services provider’s stock worth $7,963,000 after buying an additional 1,132 shares during the period. Berkshire Money Management Inc. purchased a new position in shares of Alphabet in the first quarter worth $359,000. Schneider Downs Wealth Management Advisors LP raised its stake in shares of Alphabet by 58.4% in the first quarter. Schneider Downs Wealth Management Advisors LP now owns 6,374 shares of the information services provider’s stock worth $962,000 after purchasing an additional 2,351 shares during the last quarter. Finally, American International Group Inc. grew its holdings in Alphabet by 11.5% in the fourth quarter. American International Group Inc. now owns 1,951,860 shares of the information services provider’s stock valued at $272,655,000 after buying an additional 200,891 shares during the period. 40.03% of shares are currently owned by institutional investors.

Alphabet stock 0.7%

Shares of GOOGL stock opened at $167.06 on Friday. The firm has a market cap of $2.06 trillion, a PE ratio of 25.62, a P/E/G ratio of 1.21 and a beta of 1.04. The company has a quick ratio of 2.08, a current ratio of 2.08, and a debt-to-equity ratio of 0.04. Alphabet Inc. it has a 12-month low of $120.21 and a 12-month high of $191.75. The stock’s 50-day moving average is $162.06 and its 200-day moving average is $167.14.

Alphabet (NASDAQ:GOOGL – Get Free Report ) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. The business had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. In the same period last year, the company earned $1.44 per share. Sell-side analysts expect Alphabet Inc. to record 7.63 EPS for the current fiscal year.

Alphabetical announcement of dividends

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were paid a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, September 9. Alphabet’s payout ratio is 12.27%.

Analysts on Wall Street are forecasting an increase

GOOGL has been the subject of several analyst reports. Jefferies Financial Group upped their target price on Alphabet from $215.00 to $220.00 in a research report on Tuesday, July 9th. Piper Sandler restated an “overweight” rating and issued a $200.00 target price on shares of Alphabet in a report on Monday, September 30th. Wells Fargo & Company cut their price target on shares of Alphabet from $190.00 to $182.00 and set an “equal weight” rating for the company in a research report on Wednesday. DA Davidson began coverage on shares of Alphabet in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 target price on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $222.00 price objective on shares of Alphabet in a research report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and three have given a strong buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.14, based on data from MarketBeat.com.

Read our latest report on GOOGL

Insider trading at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the sale, the chief accounting officer now owns 29,183 shares in the company, valued at approximately $4,927,257.72. This trade represents a decrease of 0.00 % in the stock holding. The transaction was disclosed in a filing with the SEC, which is accessible via this link. In related news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total value of $230,804.28. Following the transaction, the chief accounting officer now owns 29,183 shares in the company, valued at approximately $4,927,257.72. This represents a 0.00 % decrease in ownership of the shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $167.07, for a total value of $3,759,075.00. Following the completion of the sale, the chief executive officer now directly owns 2,129,306 shares of the company’s stock, valued at $355,743,153.42. This represents a 0.00 % decrease in ownership of the shares. The disclosure for this sale can be found here. Insiders have sold 217,592 shares of company stock worth $35,922,911 over the last ninety days. Company insiders own 11.55% of the company’s shares.

Alphabet Company Profile

(Free report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It works through Google services, Google Cloud and other betting segments. The Google Services segment offers products and services including Ads, Android, Chrome, Devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.

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