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

RWA Wealth Partners LLC reduced its stake in shares of Diageo plc (NYSE:DEO) by 80.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,306 shares of the company’s stock after selling 61,976 shares during the quarter. RWA Wealth Partners LLC’s holdings in Diageo were worth $1,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Canoe Financial LP raised its holdings in Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Diageo in the 4th quarter worth about $123,892,000. ABC Arbitrage SA acquired a new stake in Diageo in the 4th quarter valued at about $37,777,000. JPMorgan Chase & Co. increased its holdings in Diageo by 25.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock valued at $156,759,000 after acquiring an additional 229,946 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in Diageo by 3,073.4% during the fourth quarter. Proficio Capital Partners LLC now owns 209,510 shares of the company’s stock worth $26,635,000 after acquiring an additional 202,908 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DEO. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. TD Cowen raised their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Diageo presently has an average rating of “Hold” and an average target price of $129.00.

Diageo Trading Down 0.5 %

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

Diageo Dividend Announcement

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

Diageo Company 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.