Alphabet Inc. (GOOG) Position Lowered by Linscomb & Williams Inc

Bruno Cirelli
Luglio 23, 2017

The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Inc. now owns 141 shares of the information services provider's stock valued at $128,000 after buying an additional 40 shares during the last quarter. Alphabet comprises about 3.3% of North American Management Corp's portfolio, making the stock its 7th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Steel Canyon Capital LLC acquired a new position in shares of Alphabet during the fourth quarter worth about $5,481,000. WP Advisors LLC bought a new position in shares of Alphabet during the fourth quarter valued at approximately $234,000. Feltz Wealth PLAN Inc. acquired a new position in Alphabet during the first quarter valued at approximately $170,000. Finally, Palo Capital Inc. acquired a new position in Alphabet during the first quarter valued at approximately $202,000. Zacks Investment Research's earnings per share averages are a mean average based on a survey of research analysts that cover Alphabet. (NASDAQ:GOOG) in a research note published on Friday, June 30th. The firm has a market capitalization of $673.02 billion, a P/E ratio of 32.88 and a beta of 0.94. Alphabet has a 12-month low of $696.43 and a 12-month high of $988.25. The company has a 50-day moving average of $948.07 and a 200 day moving average of $874.98.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 27th. The information services provider reported $7.73 earnings per share for the quarter, topping the consensus estimate of $7.38 by $0.35. The company had revenue of $20.12 billion during the quarter, compared to analysts' expectations of $19.65 billion. Alphabet had a net margin of 21.84% and a return on equity of 15.16%. The company's revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.50 EPS. Equities research analysts expect that Alphabet Inc. will post $33.97 earnings per share for the current fiscal year.

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Several analysts have commented on the stock. Morgan Stanley reissued an "overweight" rating and set a $1,000.00 target price on shares of Alphabet in a research report on Saturday, March 25th. Wells Fargo & Company reiterated a buy rating on shares of Alphabet in a research report on Monday, May 29th. Morgan Stanley restated an overweight rating and issued a $1,000.00 target price on shares of Alphabet in a research note on Saturday, March 25th. Finally, Vetr raised shares of Alphabet from a "sell" rating to a "hold" rating and set a $907.74 price objective on the stock in a research report on Wednesday, May 17th. Deutsche Bank AG reissued a "buy" rating on shares of Alphabet in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-one have issued a buy rating to the company's stock. The stock has a consensus rating of "Buy" and an average target price of $1,029.04.

In other Alphabet news, VP James Grier Campbell sold 183 shares of the firm's stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $902.72, for a total transaction of $330,395.52. (NASDAQ:GOOG) by 6.1% during the first quarter, according to its most recent 13F filing with the SEC. Also, CEO Sundar Pichai sold 4,000 shares of the business's stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $915.16, for a total transaction of $3,660,640.00. The stock had a trading volume of 1,711,000 shares. The disclosure for this sale can be found here. Following the completion of the sale, the chief executive officer now directly owns 1,536 shares in the company, valued at $1,489,797.12. Following the sale, the senior vice president now directly owns 3,800 shares in the company, valued at $3,593,470.

Shares of Alphabet Inc. 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.

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