Point View Wealth Management Inc. Has $866,000 Position in Diageo plc (NYSE:DEO)

Point View Wealth Management Inc. lowered its position in Diageo plc (NYSE:DEO) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,025 shares of the company’s stock after selling 71 shares during the quarter. Point View Wealth Management Inc.’s holdings in Diageo were worth $866,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DEO. Financial Gravity Wealth Inc. acquired a new stake in Diageo in the first quarter valued at $27,000. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of Diageo by 56.9% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 70 shares during the period. Meridian Wealth Management LLC bought a new position in shares of Diageo in the second quarter valued at about $33,000. Canton Hathaway LLC bought a new position in shares of Diageo in the first quarter valued at about $36,000. Finally, Paragon Capital Management LLC bought a new position in shares of Diageo in the first quarter valued at about $38,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Several brokerages have recently weighed in on DEO. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating and set a $178.00 price objective on the stock in a research report on Monday, May 27th. Kepler Capital Markets lowered shares of Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $178.00.

Shares of DEO traded up $0.52 during trading hours on Friday, hitting $164.10. The company had a trading volume of 281,888 shares, compared to its average volume of 418,242. The stock has a market capitalization of $100.12 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.82 and a beta of 0.47. The stock has a fifty day moving average price of $170.00. Diageo plc has a 12 month low of $131.43 and a 12 month high of $176.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.56 and a current ratio of 1.34.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, August 9th will be given a $2.111 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This is a positive change from Diageo’s previous Semi-Annual dividend of $0.19. Diageo’s dividend payout ratio is presently 40.15%.

Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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