Roberts Wealth Advisors LLC Sells 431 Shares of Diageo plc (NYSE:DEO)

Roberts Wealth Advisors LLC lowered its holdings in Diageo plc (NYSE:DEO) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,002 shares of the company’s stock after selling 431 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Diageo were worth $2,256,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its stake in Diageo by 98,968.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,023,969 shares of the company’s stock valued at $360,651,000 after purchasing an additional 2,021,926 shares in the last quarter. Clearbridge Investments LLC raised its stake in Diageo by 56.9% in the 1st quarter. Clearbridge Investments LLC now owns 2,384,684 shares of the company’s stock worth $432,057,000 after acquiring an additional 864,824 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in Diageo during the 1st quarter worth about $89,331,000. Morgan Stanley grew its stake in Diageo by 13.2% during the 4th quarter. Morgan Stanley now owns 3,725,502 shares of the company’s stock valued at $663,848,000 after purchasing an additional 433,105 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Diageo by 6.4% in the first quarter. Bank of America Corp DE now owns 5,187,272 shares of the company’s stock valued at $939,830,000 after purchasing an additional 313,378 shares during the period. Institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

Shares of DEO traded up $0.74 during mid-day trading on Tuesday, reaching $158.58. The stock had a trading volume of 98,107 shares, compared to its average volume of 389,108. Diageo plc has a 52-week low of $157.30 and a 52-week high of $191.93. The business’s fifty day moving average is $169.74 and its 200 day moving average is $174.62. The company has a current ratio of 1.63, a quick ratio of 0.62 and a debt-to-equity ratio of 1.67.

Diageo Increases Dividend

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

Analyst Upgrades and Downgrades

DEO has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Diageo from GBX 2,920 ($36.17) to GBX 2,950 ($36.54) in a report on Friday, September 8th. Barclays reduced their target price on shares of Diageo from GBX 4,720 ($58.47) to GBX 4,440 ($55.00) in a report on Wednesday, August 2nd. Morgan Stanley downgraded Diageo from an “equal weight” rating to an “underweight” rating in a research report on Thursday, July 20th. The Goldman Sachs Group cut Diageo from a “buy” rating to a “neutral” rating in a report on Wednesday, June 14th. Finally, Credit Suisse Group cut their price target on Diageo from GBX 3,850 ($47.69) to GBX 3,800 ($47.07) in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $3,898.33.

Diageo Company Profile

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.