First Horizon Advisors Inc. Sells 958 Shares of Diageo plc (NYSE:DEO)

First Horizon Advisors Inc. lessened its position in shares of Diageo plc (NYSE:DEO) by 11.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,431 shares of the company’s stock after selling 958 shares during the period. First Horizon Advisors Inc.’s holdings in Diageo were worth $945,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DEO. Brooklyn Investment Group bought a new position in shares of Diageo in the 3rd quarter worth about $25,000. Eastern Bank grew its stake in Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the period. Modus Advisors LLC acquired a new stake in Diageo during the fourth quarter worth approximately $35,000. Kestra Investment Management LLC bought a new stake in Diageo in the fourth quarter worth approximately $36,000. Finally, Concord Wealth Partners acquired a new position in Diageo in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DEO. 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 research report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Diageo has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Trading Down 0.2 %

NYSE DEO opened at $110.30 on Tuesday. 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 52 week low of $105.72 and a 52 week high of $154.71. The business has a 50 day moving average price of $118.76 and a 200-day moving average price of $125.43. The company has a market cap of $61.36 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 2.39 and a beta of 0.66.

Diageo Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is presently 73.28%.

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.