Strategic Wealth Partners Ltd. Sells 205 Shares of Diageo plc (NYSE:DEO)

Strategic Wealth Partners Ltd. lessened its stake in Diageo plc (NYSE:DEO) by 26.2% in the second quarter, HoldingsChannel reports. The firm owned 577 shares of the company’s stock after selling 205 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Diageo were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. TRUE Private Wealth Advisors bought a new stake in Diageo in the 2nd quarter worth approximately $29,000. Meridian Wealth Management LLC bought a new stake in Diageo in the 2nd quarter worth approximately $33,000. TCG Advisors LP bought a new stake in Diageo in the 1st quarter worth approximately $41,000. Acima Private Wealth LLC grew its position in shares of Diageo by 29.3% during the 1st quarter. Acima Private Wealth LLC now owns 265 shares of the company’s stock valued at $43,000 after acquiring an additional 60 shares during the period. Finally, Manchester Financial Inc. bought a new stake in shares of Diageo during the 2nd quarter valued at $45,000. 10.52% of the stock is owned by institutional investors and hedge funds.

Shares of DEO stock traded down $1.78 during mid-day trading on Friday, reaching $166.37. 351,779 shares of the company’s stock traded hands, compared to its average volume of 392,395. Diageo plc has a 12 month low of $131.43 and a 12 month high of $176.07. The firm has a 50 day moving average price of $167.96 and a two-hundred day moving average price of $165.59. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.56 and a current ratio of 1.34. The firm has a market capitalization of $102.47 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 2.90 and a beta of 0.47.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, August 9th will be given a dividend of $2.111 per share. This is an increase from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend is Thursday, August 8th. Diageo’s payout ratio is presently 62.52%.

A number of brokerages have recently issued reports on DEO. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating and set a $178.00 price objective for the company in a research report on Monday, May 27th. Kepler Capital Markets downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $178.00.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

Further Reading: Catch-Up Contributions

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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