CW Advisors LLC Purchases New Shares in Diageo plc $DEO

Key Points

• CW Advisors LLC purchased 4,349 shares of Diageo plc, valued at approximately $457,000, during the first quarter.
• Diageo recently announced an increase in its semi-annual dividend to $2.5192, reflecting a substantial dividend yield of 370.0%.
• The Goldman Sachs Group upgraded Diageo's rating from "sell" to "neutral," while the company currently holds an average rating of "Hold" with a consensus price target of $129.00.

CW Advisors LLC bought a new position in Diageo plc (NYSE:DEO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,349 shares of the company's stock, valued at approximately $457,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Diageo in the fourth quarter worth $202,000. Barclays PLC grew its stake in shares of Diageo by 1,668.0% in the fourth quarter. Barclays PLC now owns 2,599 shares of the company's stock worth $331,000 after purchasing an additional 2,452 shares in the last quarter. Northern Trust Corp grew its stake in shares of Diageo by 39.9% in the fourth quarter. Northern Trust Corp now owns 649,769 shares of the company's stock worth $82,605,000 after purchasing an additional 185,282 shares in the last quarter. Becker Capital Management Inc. grew its stake in shares of Diageo by 7.6% in the fourth quarter. Becker Capital Management Inc. now owns 181,641 shares of the company's stock worth $23,092,000 after purchasing an additional 12,755 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in shares of Diageo by 2.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 4,269 shares of the company's stock worth $543,000 after purchasing an additional 119 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Price Performance

DEO stock traded down $0.43 during trading hours on Monday, hitting $111.74. 937,904 shares of the stock traded hands, compared to its average volume of 1,355,816. The stock has a 50-day simple moving average of $106.02 and a 200 day simple moving average of $107.88. Diageo plc has a one year low of $96.45 and a one year high of $142.73. The company has a market cap of $62.17 billion, a P/E ratio of 16.31, a P/E/G ratio of 3.99 and a beta of 0.59. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64.

Diageo Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be given a $2.5192 dividend. This is a positive change from Diageo's previous semi-annual dividend of $1.62. The ex-dividend date is Friday, October 17th. This represents a dividend yield of 370.0%. Diageo's dividend payout ratio is 72.55%.

Analyst Ratings Changes

Several research analysts have recently issued reports on DEO shares. The Goldman Sachs Group raised Diageo from a "sell" rating to a "neutral" rating in a research note on Thursday, August 7th. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $129.00.

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.