Kestra Private Wealth Services LLC Sells 2,953 Shares of Diageo plc (NYSE:DEO)

Kestra Private Wealth Services LLC lowered its holdings in Diageo plc (NYSE:DEO - Free Report) by 36.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,235 shares of the company's stock after selling 2,953 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Diageo were worth $666,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DEO. Creative Planning lifted its holdings in Diageo by 11.6% in the 3rd quarter. Creative Planning now owns 47,970 shares of the company's stock worth $6,732,000 after buying an additional 4,980 shares during the period. NBC Securities Inc. lifted its stake in shares of Diageo by 44.6% in the 3rd quarter. NBC Securities Inc. now owns 982 shares of the company's stock valued at $137,000 after purchasing an additional 303 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Diageo by 10.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 2,375 shares of the company's stock valued at $333,000 after purchasing an additional 220 shares during the period. Good Life Advisors LLC purchased a new position in shares of Diageo in the 3rd quarter valued at approximately $323,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Diageo by 1.1% in the 3rd quarter. Global Retirement Partners LLC now owns 8,146 shares of the company's stock valued at $1,143,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 8.97% of the company's stock.

Diageo Stock Up 0.3 %

DEO stock traded up $0.34 on Tuesday, reaching $107.87. 509,288 shares of the company traded hands, compared to its average volume of 1,099,014. The firm has a fifty day simple moving average of $120.76 and a 200-day simple moving average of $125.90. Diageo plc has a one year low of $105.72 and a one year high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders 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 dividend yield of 3.8%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Jefferies Financial Group upgraded Diageo from a "hold" rating to a "buy" rating in a research note on Thursday, December 5th. TD Cowen raised their target price on Diageo from $124.00 to $129.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a "sell" rating to a "buy" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $129.00.

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.