NTV Asset Management LLC Sells 341 Shares of Diageo plc (NYSE:DEO)

NTV Asset Management LLC trimmed its stake in shares of Diageo plc (NYSE:DEO) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,867 shares of the company’s stock after selling 341 shares during the period. NTV Asset Management LLC’s holdings in Diageo were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Diageo during the third quarter valued at $25,000. Eastern Bank grew its stake in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Concord Wealth Partners purchased a new stake in shares of Diageo during the 3rd quarter valued at about $38,000. Modus Advisors LLC bought a new position in shares of Diageo in the 4th quarter worth approximately $35,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Diageo in the fourth quarter worth approximately $47,000. 8.97% of the stock is owned by institutional investors.

Diageo Stock Performance

Shares of NYSE:DEO opened at $107.45 on Tuesday. Diageo plc has a 1-year low of $105.72 and a 1-year high of $154.71. The firm’s 50 day simple moving average is $121.08 and its two-hundred day simple moving average is $126.00. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

The company 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. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 28th.

Wall Street Analyst Weigh In

A number of analysts have commented on DEO shares. TD Cowen upped their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $129.00.

About Diageo

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.