SVA Plumb Wealth Management LLC Sells 171 Shares of Diageo PLC (DEO)
SVA Plumb Wealth Management LLC cut its holdings in Diageo PLC (NYSE:DEO) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,918 shares of the company’s stock after selling 171 shares during the period. SVA Plumb Wealth Management LLC’s holdings in Diageo PLC were worth $350,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in DEO. YorkBridge Wealth Partners LLC boosted its position in shares of Diageo PLC by 297.6% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 986 shares of the company’s stock worth $116,000 after buying an additional 738 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Diageo PLC in the 1st quarter worth about $118,000. Glassman Wealth Services boosted its position in shares of Diageo PLC by 116.8% in the 1st quarter. Glassman Wealth Services now owns 1,071 shares of the company’s stock worth $124,000 after buying an additional 577 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Diageo PLC in the 1st quarter worth about $139,000. Finally, Welch & Forbes LLC purchased a new stake in shares of Diageo PLC in the 2nd quarter worth about $200,000. Institutional investors and hedge funds own 11.72% of the company’s stock.
DEO has been the topic of several recent research reports. Societe Generale upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Monday, June 26th. BidaskClub upgraded shares of Diageo PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Jefferies Group LLC set a $142.00 price objective on shares of Diageo PLC and gave the stock a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research upgraded shares of 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. Finally, Berenberg Bank lowered shares of Diageo PLC from a “buy” rating to a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Diageo PLC currently has an average rating of “Hold” and an average price target of $146.55.
Shares of Diageo PLC (NYSE:DEO) traded down 0.921% on Wednesday, reaching $136.085. 134,557 shares of the company traded hands. The company has a market capitalization of $85.51 billion, a PE ratio of 24.942 and a beta of 0.75. The firm has a 50-day moving average of $131.25 and a 200-day moving average of $121.40. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $137.34.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be given a dividend of $2.0322 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This is a positive change from Diageo PLC’s previous semiannual dividend of $1.19. This represents a yield of 3.12%.
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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