TD Waterhouse Canada Inc. Sells 24,359 Shares of Diageo plc (NYSE:DEO)

TD Waterhouse Canada Inc. trimmed its position in shares of Diageo plc (NYSE:DEO - Free Report) by 59.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,934 shares of the company's stock after selling 24,359 shares during the period. TD Waterhouse Canada Inc.'s holdings in Diageo were worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DEO. Canoe Financial LP raised its stake in shares of Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company's stock valued at $1,031,465,000 after acquiring an additional 8,104,301 shares in the last quarter. FMR LLC boosted its holdings in shares of Diageo by 10.9% during the 4th quarter. FMR LLC now owns 5,813,938 shares of the company's stock worth $739,126,000 after buying an additional 571,873 shares during the period. Bank of Montreal Can grew its stake in Diageo by 1,181.5% in the 4th quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock valued at $178,745,000 after buying an additional 1,296,285 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Diageo by 9.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,220,534 shares of the company's stock worth $155,167,000 after acquiring an additional 103,540 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Diageo by 14.2% during the fourth quarter. Wellington Management Group LLP now owns 1,132,046 shares of the company's stock valued at $143,917,000 after acquiring an additional 140,587 shares during the period. Institutional investors and hedge funds own 8.97% of the company's stock.

Diageo Trading Down 0.5 %

Shares of DEO traded down $0.52 on Tuesday, reaching $110.68. 176,535 shares of the company's stock were exchanged, compared to its average volume of 1,159,377. Diageo plc has a 12 month low of $100.72 and a 12 month high of $144.27. The stock has a market capitalization of $61.57 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The business has a 50 day moving average price of $108.31 and a two-hundred day moving average price of $117.42.

Diageo Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Thursday, April 24th. Shareholders of record on Friday, February 28th were paid a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date was Friday, February 28th. Diageo's payout ratio is presently 46.42%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Berenberg Bank began coverage on shares of Diageo in a report on Wednesday, April 2nd. They set a "buy" rating on the stock. TD Cowen raised their price objective on Diageo from $124.00 to $129.00 and gave the stock a "hold" rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $129.00.

About Diageo

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.