Arlington Partners LLC Has $427,000 Holdings in Diageo plc (NYSE:DEO)

Arlington Partners LLC lessened its holdings in Diageo plc (NYSE:DEO - Free Report) by 89.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,356 shares of the company's stock after selling 27,776 shares during the quarter. Arlington Partners LLC's holdings in Diageo were worth $427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DEO. Procyon Advisors LLC raised its position in Diageo by 16.1% during the third quarter. Procyon Advisors LLC now owns 18,716 shares of the company's stock worth $2,627,000 after acquiring an additional 2,594 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Diageo by 18.0% during the third quarter. Wedge Capital Management L L P NC now owns 61,763 shares of the company's stock worth $8,668,000 after acquiring an additional 9,426 shares in the last quarter. Kathleen S. Wright Associates Inc. raised its position in Diageo by 11.3% during the third quarter. Kathleen S. Wright Associates Inc. now owns 3,945 shares of the company's stock worth $554,000 after acquiring an additional 400 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in Diageo during the third quarter worth $216,000. Finally, Creative Planning raised its position in Diageo by 11.6% during the third quarter. Creative Planning now owns 47,970 shares of the company's stock worth $6,732,000 after acquiring an additional 4,980 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Diageo Trading Up 2.8 %

Shares of NYSE:DEO traded up $2.99 on Thursday, hitting $109.41. The company had a trading volume of 1,439,482 shares, compared to its average volume of 1,128,654. Diageo plc has a 1-year low of $105.72 and a 1-year high of $154.71. The stock has a 50 day moving average price of $121.67 and a 200 day moving average price of $126.28. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.55.

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 issued a $1.62 dividend. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%.

Analyst Ratings Changes

DEO has been the topic of several analyst reports. UBS Group raised shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. TD Cowen upped their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Diageo from a "hold" rating to a "buy" rating in a report on Thursday, December 5th. One equities 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $129.00.

Diageo Company 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.