RWA Wealth Partners LLC Lowers Stock Position in Diageo plc (NYSE:DEO)

RWA Wealth Partners LLC reduced its position in shares of Diageo plc (NYSE:DEO - Free Report) by 80.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,306 shares of the company's stock after selling 61,976 shares during the period. RWA Wealth Partners LLC's holdings in Diageo were worth $1,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans acquired a new position in shares of Diageo during the 3rd quarter worth approximately $261,000. Charles Schwab Investment Management Inc. lifted its position in Diageo by 84.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 33,754 shares of the company's stock worth $4,737,000 after buying an additional 15,487 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Diageo by 32.8% during the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company's stock worth $9,248,000 after buying an additional 16,285 shares during the last quarter. Captrust Financial Advisors grew its holdings in Diageo by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 37,644 shares of the company's stock valued at $5,283,000 after buying an additional 1,409 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Diageo in the 3rd quarter worth $6,323,000. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Stock Up 2.0 %

Shares of NYSE:DEO traded up $2.13 on Wednesday, hitting $106.64. 1,191,537 shares of the company's stock were exchanged, compared to its average volume of 889,951. The company has a market capitalization of $59.32 billion, a PE ratio of 15.57, a P/E/G ratio of 2.39 and a beta of 0.65. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. Diageo plc has a 1-year low of $103.70 and a 1-year high of $148.38. The firm's 50-day moving average is $110.75 and its 200 day moving average is $121.35.

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Diageo Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be paid a dividend of $1.62 per share. The ex-dividend date is Friday, February 28th. This represents a yield of 3.8%. Diageo's dividend payout ratio is presently 46.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DEO shares. Deutsche Bank Aktiengesellschaft raised shares of Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Berenberg Bank initiated coverage on shares of Diageo in a report on Wednesday. They issued a "buy" rating on the stock. Jefferies Financial Group raised Diageo from a "hold" rating to a "buy" rating in a research report on Thursday, December 5th. UBS Group upgraded shares of Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. Finally, TD Cowen increased their price objective on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. One equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $129.00.

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.