Diageo plc (NYSE:DEO) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC trimmed its stake in shares of Diageo plc (NYSE:DEO) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,188 shares of the company’s stock after selling 371 shares during the quarter. Western Wealth Management LLC’s holdings in Diageo were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in DEO. O Brien Greene & Co. Inc lifted its holdings in shares of Diageo by 2.4% in the 3rd quarter. O Brien Greene & Co. Inc now owns 2,970 shares of the company’s stock valued at $443,000 after buying an additional 70 shares during the period. SVB Wealth LLC lifted its holdings in shares of Diageo by 1.8% in the 4th quarter. SVB Wealth LLC now owns 3,988 shares of the company’s stock valued at $581,000 after buying an additional 70 shares during the period. Lawson Kroeker Investment Management Inc. NE lifted its holdings in shares of Diageo by 0.5% in the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 14,246 shares of the company’s stock valued at $2,075,000 after buying an additional 72 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Diageo by 3.3% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,243 shares of the company’s stock valued at $327,000 after buying an additional 72 shares during the period. Finally, SOL Capital Management CO lifted its holdings in shares of Diageo by 5.0% in the 4th quarter. SOL Capital Management CO now owns 1,580 shares of the company’s stock valued at $230,000 after buying an additional 75 shares during the period. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

Diageo stock opened at $142.11 on Tuesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65. The stock has a fifty day moving average of $146.80 and a two-hundred day moving average of $146.39. Diageo plc has a fifty-two week low of $135.63 and a fifty-two week high of $190.02.

Diageo Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 1st were given a dividend of $1.62 per share. This represents a yield of 2.7%. The ex-dividend date was Thursday, February 29th.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. BNP Paribas downgraded Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Argus downgraded Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, Diageo currently has an average rating of “Hold” and an average price target of $3,797.50.

Diageo Company Profile

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