Diageo plc $DEO Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its stake in Diageo plc (NYSE:DEO) by 13.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,646 shares of the company’s stock after selling 1,385 shares during the quarter. Boston Trust Walden Corp’s holdings in Diageo were worth $872,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DEO. Axxcess Wealth Management LLC raised its holdings in shares of Diageo by 3.5% in the second quarter. Axxcess Wealth Management LLC now owns 5,886 shares of the company’s stock worth $593,000 after buying an additional 198 shares during the last quarter. Moran Wealth Management LLC grew its holdings in shares of Diageo by 6.6% during the second quarter. Moran Wealth Management LLC now owns 42,017 shares of the company’s stock valued at $4,237,000 after buying an additional 2,598 shares during the last quarter. Concord Wealth Partners grew its holdings in shares of Diageo by 90.3% during the second quarter. Concord Wealth Partners now owns 569 shares of the company’s stock valued at $57,000 after buying an additional 270 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Diageo by 8.1% during the second quarter. Sequoia Financial Advisors LLC now owns 2,588 shares of the company’s stock valued at $261,000 after buying an additional 195 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its position in Diageo by 8.4% during the 2nd quarter. Yousif Capital Management LLC now owns 6,808 shares of the company’s stock worth $687,000 after acquiring an additional 530 shares during the period. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of DEO stock opened at $95.15 on Thursday. The stock has a market cap of $52.94 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 3.40 and a beta of 0.58. The business has a 50-day simple moving average of $103.83 and a 200-day simple moving average of $105.83. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 1.64. Diageo plc has a 52-week low of $93.42 and a 52-week high of $139.96.

Diageo Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, December 4th. Investors of record on Friday, October 17th will be given a dividend of $2.5192 per share. This is an increase from Diageo’s previous semi-annual dividend of $1.62. This represents a yield of 370.0%. The ex-dividend date is Friday, October 17th. Diageo’s dividend payout ratio (DPR) is 46.42%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DEO shares. The Goldman Sachs Group raised Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Bank of America dropped their target price on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Diageo in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Diageo has an average rating of “Hold” and a consensus target price of $119.00.

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.