Centric Wealth Management acquired a new position in Diageo plc (NYSE:DEO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,194 shares of the company's stock, valued at approximately $1,423,000.
Several other institutional investors have also recently modified their holdings of the company. Canoe Financial LP boosted its stake in Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock worth $1,031,465,000 after buying an additional 8,104,301 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Diageo by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,718 shares of the company's stock valued at $4,795,000 after purchasing an additional 3,964 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Diageo by 32.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company's stock valued at $9,248,000 after purchasing an additional 16,285 shares in the last quarter. Maia Wealth LLC grew its holdings in shares of Diageo by 24.7% during the 4th quarter. Maia Wealth LLC now owns 13,112 shares of the company's stock valued at $1,648,000 after purchasing an additional 2,593 shares during the last quarter. Finally, Aviso Financial Inc. raised its position in Diageo by 3.4% in the 4th quarter. Aviso Financial Inc. now owns 242,637 shares of the company's stock worth $30,846,000 after purchasing an additional 7,954 shares during the period. 8.97% of the stock is currently owned by institutional investors.
Diageo Trading Down 3.5 %
Shares of NYSE:DEO traded down $3.82 on Friday, hitting $104.19. The company had a trading volume of 3,580,332 shares, compared to its average volume of 911,621. The firm's 50-day simple moving average is $110.12 and its two-hundred day simple moving average is $120.97. The firm has a market capitalization of $57.96 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 2.39 and a beta of 0.63. 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 $103.70 and a 1 year high of $144.28.
Diageo Announces Dividend
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 of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo's dividend payout ratio (DPR) is presently 46.42%.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. TD Cowen boosted their price objective on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Finally, Berenberg Bank began coverage on shares of Diageo in a report on Wednesday. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $129.00.
View Our Latest Report on DEO
Diageo Profile
(
Free Report)
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.
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