Aaron Wealth Advisors LLC Sells 1,161 Shares of Diageo plc (NYSE:DEO)

Aaron Wealth Advisors LLC lessened its holdings in Diageo plc (NYSE:DEO) by 37.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,903 shares of the company’s stock after selling 1,161 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Diageo were worth $240,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DEO. Public Employees Retirement Association of Colorado raised its position in Diageo by 4,665.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 482,713 shares of the company’s stock worth $70,312,000 after acquiring an additional 472,583 shares in the last quarter. Private Advisor Group LLC lifted its stake in Diageo by 3.3% in the 4th quarter. Private Advisor Group LLC now owns 14,621 shares of the company’s stock valued at $2,129,000 after purchasing an additional 470 shares during the last quarter. Beacon Financial Group bought a new position in Diageo during the fourth quarter worth about $296,000. Wellington Management Group LLP increased its position in Diageo by 56.7% during the fourth quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock worth $98,681,000 after buying an additional 245,255 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in Diageo by 16.4% in the first quarter. QRG Capital Management Inc. now owns 7,185 shares of the company’s stock valued at $1,069,000 after buying an additional 1,011 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DEO shares. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Finally, Citigroup upgraded Diageo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Diageo has an average rating of “Hold” and a consensus price target of $2,950.00.

Diageo Trading Up 2.2 %

Shares of NYSE:DEO traded up $2.87 during mid-day trading on Wednesday, reaching $131.30. 864,799 shares of the company’s stock were exchanged, compared to its average volume of 770,056. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. Diageo plc has a twelve month low of $119.48 and a twelve month high of $171.07. The firm has a market capitalization of $72.99 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 3.55 and a beta of 0.67. The business’s fifty day moving average price is $128.21 and its 200-day moving average price is $138.09.

Diageo Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, August 30th will be paid a $1.62 dividend. This represents a dividend yield of 3.2%. The ex-dividend date is Friday, August 30th. Diageo’s dividend payout ratio is currently 71.37%.

Diageo Company 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.