Carlton Hofferkamp & Jenks Wealth Management LLC Has $349,000 Holdings in Diageo plc $DEO

Carlton Hofferkamp & Jenks Wealth Management LLC cut its stake in shares of Diageo plc (NYSE:DEO) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,394 shares of the company’s stock after selling 225 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Diageo were worth $349,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DEO. Abound Financial LLC acquired a new stake in Diageo during the first quarter worth approximately $27,000. TruNorth Capital Management LLC bought a new position in shares of Diageo in the first quarter worth $30,000. Truvestments Capital LLC bought a new position in shares of Diageo in the first quarter worth $30,000. Cheviot Value Management LLC bought a new position in shares of Diageo in the first quarter worth $31,000. Finally, Financial Network Wealth Advisors LLC increased its position in shares of Diageo by 63.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 427 shares of the company’s stock worth $45,000 after purchasing an additional 165 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Stock Performance

NYSE DEO opened at $96.19 on Friday. The firm’s fifty day moving average price is $102.01 and its two-hundred day moving average price is $105.50. The stock has a market cap of $53.54 billion, a PE ratio of 14.04, a PEG ratio of 4.29 and a beta of 0.58. Diageo plc has a fifty-two week low of $93.42 and a fifty-two week high of $134.71. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63.

Diageo Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be paid a $2.5192 dividend. This is a positive change from Diageo’s previous semi-annual dividend of $1.62. This represents a dividend yield of 516.0%. The ex-dividend date of this dividend is Friday, October 17th. Diageo’s payout ratio is presently 72.41%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research report on Friday. Bank of America lowered their price objective on shares of Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Diageo has an average rating of “Hold” and a consensus target price of $119.00.

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.