Diageo plc (NYSE:DEO) Shares Sold by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,002 shares of the company’s stock after selling 431 shares during the period. Roberts Wealth Advisors LLC’s holdings in Diageo were worth $2,256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DEO. Pinnacle Holdings LLC purchased a new stake in shares of Diageo during the 1st quarter worth approximately $33,000. GPS Wealth Strategies Group LLC purchased a new stake in Diageo during the first quarter worth $36,000. Thompson Investment Management Inc. acquired a new stake in Diageo in the first quarter valued at $36,000. Almanack Investment Partners LLC. purchased a new position in shares of Diageo in the third quarter valued at $49,000. Finally, ST Germain D J Co. Inc. raised its stake in shares of Diageo by 22.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,570 shares of the company’s stock worth $51,000 after buying an additional 285 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Up 0.5 %

NYSE:DEO traded up $0.74 during mid-day trading on Tuesday, reaching $158.58. The company’s stock had a trading volume of 98,107 shares, compared to its average volume of 389,108. The company has a quick ratio of 0.62, a current ratio of 1.63 and a debt-to-equity ratio of 1.67. The company’s fifty day simple moving average is $169.74 and its two-hundred day simple moving average is $174.62. Diageo plc has a twelve month low of $157.30 and a twelve month high of $191.93.

Diageo Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, August 25th will be given a $2.5089 dividend. The ex-dividend date is Thursday, August 24th. This is a boost from Diageo’s previous semi-annual dividend of $1.43. This represents a dividend yield of 2.4%.

Wall Street Analyst Weigh In

DEO has been the topic of a number of research reports. Morgan Stanley cut shares of Diageo from an “equal weight” rating to an “underweight” rating in a research note on Thursday, July 20th. JPMorgan Chase & Co. dropped their price objective on shares of Diageo from GBX 4,500 ($55.74) to GBX 4,000 ($49.55) in a research note on Tuesday, June 20th. Credit Suisse Group reduced their target price on Diageo from GBX 3,850 ($47.69) to GBX 3,800 ($47.07) in a research note on Wednesday, August 9th. Barclays dropped their price target on Diageo from GBX 4,720 ($58.47) to GBX 4,440 ($55.00) in a research report on Wednesday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Diageo from GBX 2,920 ($36.17) to GBX 2,950 ($36.54) in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $3,898.33.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.