Google: Buying More Of This Future Dividend Grower Now

Summary:

• In the coming weeks, I plan on upping Google’s weighting in my portfolio by another 15% to 20%.
• The tech juggernaut posted an impressive double beat in the third quarter.
• Google possesses an AA+ credit rating from S&P on a stable outlook.
• Shares appear to be priced 23% below my fair value estimate.
• Google has an attainable path to 22% annual total returns through 2026.

The start of December means that I put more fresh capital to work in my portfolio. Two of my three purchases (and approximately 65%) of my capital went to Amazon (AMZN

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOGL, AMZN, ARCC, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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