Diageo plc (NYSE:DEO) Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC decreased its holdings in Diageo plc (NYSE:DEO) by 80.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,306 shares of the company’s stock after selling 61,976 shares during the period. RWA Wealth Partners LLC’s holdings in Diageo were worth $1,946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canoe Financial LP raised its stake in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Diageo by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company’s stock worth $4,795,000 after purchasing an additional 3,964 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after buying an additional 16,285 shares during the period. Maia Wealth LLC grew its stake in shares of Diageo by 24.7% in the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company’s stock valued at $1,648,000 after buying an additional 2,593 shares in the last quarter. Finally, Aviso Financial Inc. raised its holdings in shares of Diageo by 3.4% during the 4th quarter. Aviso Financial Inc. now owns 242,637 shares of the company’s stock valued at $30,846,000 after buying an additional 7,954 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DEO has been the subject of several recent research reports. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, TD Cowen raised their price objective on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Diageo currently has a consensus rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Performance

DEO stock opened at $104.81 on Tuesday. The stock’s 50 day simple moving average is $111.27 and its 200 day simple moving average is $121.65. Diageo plc has a 12-month low of $103.70 and a 12-month high of $149.24. The firm has a market cap of $58.30 billion, a P/E ratio of 15.30, a P/E/G ratio of 2.39 and a beta of 0.65. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be issued a $1.62 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.