Angeles Investment Advisors LLC Sells 515 Shares of Diageo plc (NYSE:DEO)

Angeles Investment Advisors LLC reduced its stake in shares of Diageo plc (NYSE:DEO) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,577 shares of the company’s stock after selling 515 shares during the period. Angeles Investment Advisors LLC’s holdings in Diageo were worth $582,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Canoe Financial LP raised its holdings in Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after buying an additional 8,104,301 shares in the last quarter. FMR LLC raised its holdings in Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after buying an additional 437,646 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Diageo by 25.9% in the third quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock worth $156,759,000 after purchasing an additional 229,946 shares during the period. Wellington Management Group LLP increased its stake in shares of Diageo by 6.9% in the third quarter. Wellington Management Group LLP now owns 991,459 shares of the company’s stock worth $139,141,000 after purchasing an additional 64,367 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Diageo in the fourth quarter worth about $123,892,000. 8.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DEO shares. TD Cowen lifted their price objective on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Stock Down 0.8 %

DEO stock opened at $107.09 on Monday. Diageo plc has a twelve month low of $105.23 and a twelve month high of $149.44. The company has a market cap of $59.57 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The business’s 50-day simple moving average is $112.65 and its 200 day simple moving average is $122.64. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a dividend of $1.62 per share. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Diageo Company Profile

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