Philip James Wealth Mangement LLC Acquires 14,701 Shares of Diageo plc $DEO

Key Points

• Philip James Wealth Management LLC increased its stake in Diageo (NYSE:DEO) by 31.4% in Q4, buying 14,701 shares to hold 61,492 shares worth about $5.31 million.
• Diageo declared a $0.80 dividend payable on June 4 with a record (and ex-dividend) date of April 17.
• Analysts hold a consensus "Hold" rating with a $116.50 price target, based on 5 Buys, 6 Holds and 2 Sells.

Philip James Wealth Mangement LLC increased its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 31.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,492 shares of the company's stock after buying an additional 14,701 shares during the period. Philip James Wealth Mangement LLC's holdings in Diageo were worth $5,305,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Diageo during the fourth quarter worth approximately $202,000. Russell Investments Group Ltd. raised its position in Diageo by 17.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,952 shares of the company's stock worth $399,000 after purchasing an additional 574 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Diageo by 8.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 17,521 shares of the company's stock worth $1,767,000 after purchasing an additional 1,311 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Diageo by 353.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 717,740 shares of the company's stock worth $72,377,000 after buying an additional 559,547 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Diageo during the 2nd quarter worth $26,000. Institutional investors own 8.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DEO shares. Barclays reissued an "overweight" rating on shares of Diageo in a research note on Thursday, December 11th. BNP Paribas Exane upgraded Diageo from an "underperform" rating to a "neutral" rating in a report on Wednesday, March 25th. Sanford C. Bernstein set a $124.00 price objective on Diageo and gave the stock an "outperform" rating in a research report on Monday, December 29th. Argus raised Diageo to a "hold" rating in a report on Tuesday, March 10th. Finally, Royal Bank Of Canada upgraded shares of Diageo from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Diageo has an average rating of "Hold" and a consensus price target of $116.50.

Diageo Trading Up 0.0%

NYSE:DEO opened at $73.35 on Friday. Diageo plc has a 1-year low of $72.45 and a 1-year high of $116.69. The business's 50-day moving average price is $86.08 and its two-hundred day moving average price is $89.92. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.60 and a quick ratio of 0.71.

Diageo Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, April 17th will be given a $0.80 dividend. This represents a dividend yield of 207.0%. The ex-dividend date is Friday, April 17th.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange NYSE: DEO and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo's core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.

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