Gamble Jones Investment Counsel lifted its stake in shares of Diageo plc (NYSE:DEO) by 1.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,556 shares of the company’s stock after acquiring an additional 247 shares during the period. Gamble Jones Investment Counsel’s holdings in Diageo were worth $3,370,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in DEO. First Trust Advisors LP lifted its position in shares of Diageo by 7.9% during the 1st quarter. First Trust Advisors LP now owns 180,382 shares of the company’s stock valued at $29,512,000 after acquiring an additional 13,161 shares during the period. Advisor Group Inc. raised its holdings in Diageo by 12.0% during the first quarter. Advisor Group Inc. now owns 27,268 shares of the company’s stock worth $4,465,000 after buying an additional 2,930 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Diageo by 1.6% during the first quarter. PNC Financial Services Group Inc. now owns 102,570 shares of the company’s stock worth $16,780,000 after buying an additional 1,598 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Diageo by 27.7% during the first quarter. Envestnet Asset Management Inc. now owns 251,882 shares of the company’s stock worth $41,210,000 after buying an additional 54,600 shares during the last quarter. Finally, Lido Advisors LLC raised its holdings in Diageo by 49.2% during the first quarter. Lido Advisors LLC now owns 3,246 shares of the company’s stock worth $535,000 after buying an additional 1,070 shares during the last quarter. Institutional investors own 9.49% of the company’s stock.
Several research analysts have weighed in on DEO shares. Kepler Capital Markets downgraded shares of Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Sanford C. Bernstein upgraded shares of Diageo from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 10th. Finally, Societe Generale downgraded shares of Diageo from a “buy” rating to a “sell” rating in a report on Thursday, September 5th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $178.00.
DEO traded up $1.46 during trading on Monday, hitting $164.03. 11,901 shares of the company’s stock were exchanged, compared to its average volume of 385,225. The company has a quick ratio of 0.56, a current ratio of 1.34 and a debt-to-equity ratio of 1.06. The business’s 50 day moving average is $166.10 and its two-hundred day moving average is $167.31. Diageo plc has a fifty-two week low of $131.43 and a fifty-two week high of $176.22. The stock has a market cap of $105.71 billion, a P/E ratio of 24.28, a PEG ratio of 2.81 and a beta of 0.47.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, August 9th will be issued a dividend of $2.111 per share. This is an increase from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date is Thursday, August 8th. Diageo’s dividend payout ratio is presently 62.52%.
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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