Essex Financial Services Inc. reduced its position in shares of Diageo PLC (NYSE:DEO) by 10.0% during the fourth quarter, Holdings Channel reports. The firm owned 3,749 shares of the company’s stock after selling 415 shares during the period. Essex Financial Services Inc.’s holdings in Diageo PLC were worth $390,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of DEO. World Asset Management Inc increased its position in shares of Diageo PLC by 8.3% in the second quarter. World Asset Management Inc now owns 38,939 shares of the company’s stock worth $4,395,000 after buying an additional 2,993 shares during the last quarter. Nuance Investments LLC increased its position in shares of Diageo PLC by 5.8% in the second quarter. Nuance Investments LLC now owns 473,067 shares of the company’s stock worth $53,400,000 after buying an additional 25,829 shares during the last quarter. Lee Danner & Bass Inc. increased its position in shares of Diageo PLC by 14.4% in the second quarter. Lee Danner & Bass Inc. now owns 25,552 shares of the company’s stock worth $2,884,000 after buying an additional 3,225 shares during the last quarter. Buckingham Asset Management LLC increased its position in shares of Diageo PLC by 0.5% in the second quarter. Buckingham Asset Management LLC now owns 2,776 shares of the company’s stock worth $313,000 after buying an additional 15 shares during the last quarter. Finally, Ngam Advisors L.P. increased its position in shares of Diageo PLC by 3.7% in the second quarter. Ngam Advisors L.P. now owns 125,073 shares of the company’s stock worth $14,118,000 after buying an additional 4,428 shares during the last quarter. Institutional investors and hedge funds own 13.39% of the company’s stock.
Diageo PLC (NYSE:DEO) opened at 114.12 on Tuesday. The firm has a 50-day moving average price of $108.83 and a 200 day moving average price of $109.22. The firm has a market capitalization of $71.64 billion, a price-to-earnings ratio of 24.45 and a beta of 0.80. Diageo PLC has a 12 month low of $99.46 and a 12 month high of $117.84.
The business also recently declared a semiannual dividend, which will be paid on Tuesday, April 11th. Investors of record on Friday, February 24th will be paid a $1.1916 dividend. This represents a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, February 22nd.
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A number of research analysts recently commented on the company. Jefferies Group LLC restated a “buy” rating on shares of Diageo PLC in a research note on Tuesday, November 29th. Liberum Capital downgraded Diageo PLC from a “hold” rating to a “sell” rating in a research note on Monday, January 30th. Macquarie assumed coverage on Diageo PLC in a research report on Monday, November 28th. They set an “underperform” rating for the company. J P Morgan Chase & Co reiterated a “buy” rating on shares of Diageo PLC in a research report on Friday, December 2nd. Finally, HSBC Holdings plc upgraded Diageo PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Diageo PLC currently has an average rating of “Hold” and a consensus target price of $157.50.
Diageo PLC Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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