Diageo plc (NYSE:DEO) Shares Sold by Wealth Alliance

Wealth Alliance reduced its holdings in Diageo plc (NYSE:DEO) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,449 shares of the company’s stock after selling 987 shares during the period. Wealth Alliance’s holdings in Diageo were worth $947,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Diageo in the third quarter valued at approximately $25,000. Eastern Bank grew its holdings in Diageo by 107.8% in the fourth 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. Modus Advisors LLC acquired a new stake in Diageo in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC acquired a new stake in Diageo in the fourth quarter valued at approximately $36,000. Finally, Concord Wealth Partners acquired a new stake in Diageo in the third quarter valued at approximately $38,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DEO has been the topic of a number of research analyst reports. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen lifted their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One equities 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 stock. According to MarketBeat.com, Diageo has an average rating of “Hold” and a consensus target price of $129.00.

Diageo Stock Up 1.4 %

Shares of NYSE:DEO opened at $107.94 on Friday. The business’s 50 day moving average price is $119.59 and its 200-day moving average price is $125.53. 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 1 year low of $105.72 and a 1 year high of $154.71.

Diageo Dividend Announcement

The business also recently disclosed 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. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th.

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.