Telemus Capital LLC Sells 1,874 Shares of Diageo plc (NYSE:DEO)

Telemus Capital LLC lessened its stake in shares of Diageo plc (NYSE:DEO) by 27.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,850 shares of the company’s stock after selling 1,874 shares during the period. Telemus Capital LLC’s holdings in Diageo were worth $706,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. OLD National Bancorp IN purchased a new position in shares of Diageo in the fourth quarter valued at about $246,000. First Command Advisory Services Inc. lifted its position in shares of Diageo by 83.1% in the fourth quarter. First Command Advisory Services Inc. now owns 586 shares of the company’s stock valued at $85,000 after acquiring an additional 266 shares in the last quarter. Criterion Capital Advisors LLC purchased a new position in shares of Diageo in the fourth quarter valued at about $36,000. Signaturefd LLC lifted its position in shares of Diageo by 11.7% in the fourth quarter. Signaturefd LLC now owns 7,237 shares of the company’s stock valued at $1,054,000 after acquiring an additional 759 shares in the last quarter. Finally, Grandfield & Dodd LLC lifted its position in shares of Diageo by 12.7% in the fourth quarter. Grandfield & Dodd LLC now owns 222,855 shares of the company’s stock valued at $32,461,000 after acquiring an additional 25,098 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

NYSE:DEO opened at $142.11 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. Diageo plc has a 12 month low of $135.63 and a 12 month high of $190.02. The business’s 50-day moving average is $146.80 and its 200 day moving average is $146.39.

Diageo Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 1st were paid a dividend of $1.62 per share. The ex-dividend date was Thursday, February 29th. This represents a yield of 2.7%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DEO shares. Argus downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. BNP Paribas downgraded Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3,797.50.

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.