Veritable L.P. Acquires 131 Shares of Diageo PLC (DEO)
Veritable L.P. lifted its holdings in shares of Diageo PLC (NYSE:DEO) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,449 shares of the company’s stock after purchasing an additional 131 shares during the period. Veritable L.P.’s holdings in Diageo PLC were worth $413,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of DEO. Harbour Capital Advisors LLC acquired a new position in shares of Diageo PLC during the 1st quarter worth approximately $118,000. Glassman Wealth Services lifted its stake in Diageo PLC by 116.8% in the 1st quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock valued at $124,000 after buying an additional 577 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in Diageo PLC by 62.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock valued at $156,000 after buying an additional 500 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in Diageo PLC by 124.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,479 shares of the company’s stock valued at $177,000 after buying an additional 820 shares in the last quarter. Finally, Welch & Forbes LLC purchased a new stake in Diageo PLC in the 2nd quarter valued at approximately $200,000. 11.70% of the stock is owned by institutional investors and hedge funds.
Diageo PLC (NYSE DEO) opened at 131.03 on Tuesday. The firm has a market capitalization of $82.33 billion, a price-to-earnings ratio of 23.53 and a beta of 0.73. The company has a 50-day moving average price of $133.35 and a 200 day moving average price of $123.58. Diageo PLC has a 1-year low of $99.46 and a 1-year high of $137.59.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, August 11th will be issued a dividend of $2.0322 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a dividend yield of 3.12%. This is a positive change from Diageo PLC’s previous semiannual dividend of $1.19.
A number of brokerages have commented on DEO. BidaskClub cut Diageo PLC from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Jefferies Group LLC set a $142.00 price target on Diageo PLC and gave the stock a “buy” rating in a report on Saturday, June 17th. Societe Generale raised Diageo PLC from a “hold” rating to a “buy” rating in a report on Monday, June 26th. Sanford C. Bernstein upgraded Diageo PLC from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $142.36 to $153.00 in a research report on Friday, July 28th. Finally, Zacks Investment Research upgraded Diageo PLC from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $147.88.
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Diageo PLC Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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