RWA Wealth Partners LLC Reduces Position in Diageo plc $DEO

Key Points

• RWA Wealth Partners LLC reduced its holdings in Diageo plc by 26.9%, selling 4,113 shares and leaving 11,193 shares worth $1,173,000.
• Diageo announced a dividend increase to $2.5192 per share, up from $1.62, with the next payment scheduled for December 4th.
• Analyst ratings for Diageo are mixed, with four analysts recommending a Buy and one a Sell, while the average target price stands at $129.00.

RWA Wealth Partners LLC lowered its holdings in shares of Diageo plc (NYSE:DEO - Free Report) by 26.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,193 shares of the company's stock after selling 4,113 shares during the quarter. RWA Wealth Partners LLC's holdings in Diageo were worth $1,173,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of Diageo in the 4th quarter valued at approximately $25,000. Perkins Coie Trust Co bought a new position in Diageo in the first quarter worth approximately $27,000. Barrett & Company Inc. purchased a new position in shares of Diageo during the first quarter valued at $27,000. Abound Financial LLC bought a new stake in shares of Diageo in the first quarter valued at about $27,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Diageo in the first quarter valued at about $30,000. 8.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DEO has been the topic of several recent research reports. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. The Goldman Sachs Group upgraded shares of Diageo from a "sell" rating to a "neutral" rating in a research note on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Stock Up 0.9%

Shares of NYSE:DEO traded up $0.9830 during trading on Friday, reaching $115.3830. The stock had a trading volume of 1,065,900 shares, compared to its average volume of 1,557,562. The firm's 50-day simple moving average is $104.99 and its 200 day simple moving average is $107.78. The company has a current ratio of 1.63, a quick ratio of 0.67 and a debt-to-equity ratio of 1.64. Diageo plc has a one year low of $96.45 and a one year high of $142.73. The company has a market capitalization of $64.19 billion, a P/E ratio of 16.84, a PEG ratio of 4.11 and a beta of 0.53.

Diageo Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, December 4th. Shareholders of record on Friday, October 17th will be paid a $2.5192 dividend. This represents a yield of 370.0%. This is a positive change from Diageo's previous semi-annual dividend of $1.62. The ex-dividend date is Friday, October 17th. Diageo's payout ratio is 46.42%.

Diageo 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.