Midwest Trust Co Acquires 16,976 Shares of Alphabet Inc. $GOOG

Midwest Trust Co lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 384,549 shares of the information services provider’s stock after buying an additional 16,976 shares during the quarter. Alphabet makes up about 1.4% of Midwest Trust Co’s holdings, making the stock its 12th biggest holding. Midwest Trust Co’s holdings in Alphabet were worth $110,312,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp lifted its position in Alphabet by 80.3% during the 1st quarter. Fifth Third Bancorp now owns 2,126,662 shares of the information services provider’s stock valued at $610,054,000 after acquiring an additional 947,339 shares during the period. Sovran Advisors LLC grew its holdings in Alphabet by 24.7% in the first quarter. Sovran Advisors LLC now owns 34,384 shares of the information services provider’s stock worth $9,863,000 after purchasing an additional 6,812 shares during the period. Rossmore Private Capital grew its holdings in Alphabet by 1.0% in the first quarter. Rossmore Private Capital now owns 94,087 shares of the information services provider’s stock worth $26,990,000 after purchasing an additional 973 shares during the period. Oakwell Private Wealth Management LLC increased its stake in shares of Alphabet by 6.6% during the first quarter. Oakwell Private Wealth Management LLC now owns 3,380 shares of the information services provider’s stock valued at $970,000 after purchasing an additional 208 shares in the last quarter. Finally, Sachetta LLC increased its stake in shares of Alphabet by 112.3% during the first quarter. Sachetta LLC now owns 1,522 shares of the information services provider’s stock valued at $437,000 after purchasing an additional 805 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on GOOG. Phillip Securities lowered shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. Wells Fargo & Company set a $416.00 price objective on Alphabet in a research report on Thursday, July 2nd. Scotiabank reiterated an “outperform” rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Citigroup reissued a “market outperform” rating on shares of Alphabet in a report on Monday, June 22nd. Finally, Freedom Capital cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Buy” and an average price target of $378.53.

Alphabet Stock Up 3.6%

Alphabet stock opened at $370.21 on Thursday. The firm has a market cap of $4.49 trillion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.53 and a beta of 1.23. The stock has a fifty day simple moving average of $368.14 and a two-hundred day simple moving average of $336.31. Alphabet Inc. has a 12 month low of $181.50 and a 12 month high of $404.47. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 earnings per share. Equities analysts predict that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a $0.22 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s payout ratio is presently 6.71%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Warren Buffett said he personally initiated Berkshire Hathaway’s purchase of Alphabet, giving the stock a high-profile vote of confidence and reinforcing the view that GOOG remains attractive ahead of earnings. Warren Buffett tells CNBC he initiated Berkshire Hathaway’s investment in Alphabet
• Positive Sentiment: Several analysts and market articles said Alphabet’s AI-driven search, cloud growth, and improving earnings outlook could support another results beat, keeping investor sentiment constructive. Alphabet Inc. (GOOG) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: Alphabet’s large clean-power purchase and ongoing AI infrastructure investment signal continued support for long-term cloud and AI expansion, which investors may view as a strength. Google’s biggest clean power project is 40 miles north of xAI’s unpermitted gas power plant
• Neutral Sentiment: Alphabet continues to receive favorable brokerage and valuation commentary, with some coverage highlighting strong AI monetization but noting the stock is already pricing in a lot of optimism. GOOGL Stock: Do AI Growth Drivers Justify the Premium Valuation?
• Negative Sentiment: The EU is preparing new fines against Google, adding to regulatory overhang and reminding investors that antitrust risk remains a key issue for the stock. EU Prepares to Fine Google as Part of Increased Big Tech Enforcement
• Negative Sentiment: Google also faced fresh scrutiny from Swiss regulators and new AI-related criticism and lawsuits, which could pressure sentiment around its core search and AI businesses. Google probed by Swiss regulator over Android default search feature

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 112 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the transaction, the director owned 18,833 shares in the company, valued at approximately $6,615,656.24. This represents a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the sale, the chief accounting officer directly owned 27,348 shares in the company, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 159,415 shares of company stock worth $7,672,279 in the last quarter. Insiders own 12.99% of the company’s stock.

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.