Diageo plc (DEO) Shares Sold by Bruderman Asset Management LLC
Bruderman Asset Management LLC trimmed its stake in Diageo plc (NYSE:DEO) by 32.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,922 shares of the company’s stock after selling 28,448 shares during the period. Diageo plc comprises about 1.9% of Bruderman Asset Management LLC’s investment portfolio, making the stock its 16th biggest position. Bruderman Asset Management LLC’s holdings in Diageo plc were worth $7,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of DEO. BlackRock Inc. grew its position in Diageo plc by 13,115.4% in the 1st quarter. BlackRock Inc. now owns 1,750,247 shares of the company’s stock worth $202,293,000 after purchasing an additional 1,737,003 shares during the last quarter. Bank of America Corp DE grew its position in Diageo plc by 6.1% in the 1st quarter. Bank of America Corp DE now owns 6,718,407 shares of the company’s stock worth $776,513,000 after purchasing an additional 385,257 shares during the last quarter. Morgan Stanley grew its position in Diageo plc by 12.6% in the 1st quarter. Morgan Stanley now owns 1,958,009 shares of the company’s stock worth $226,307,000 after purchasing an additional 218,450 shares during the last quarter. Thomaspartners Inc. grew its position in Diageo plc by 9.0% in the 1st quarter. Thomaspartners Inc. now owns 2,037,358 shares of the company’s stock worth $235,478,000 after purchasing an additional 167,976 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Diageo plc in the 1st quarter worth $16,790,000. Institutional investors own 11.72% of the company’s stock.
Shares of Diageo plc (DEO) traded down 0.339% during mid-day trading on Thursday, hitting $134.632. 166,612 shares of the stock traded hands. The company’s 50 day moving average is $131.77 and its 200 day moving average is $121.56. Diageo plc has a one year low of $99.46 and a one year high of $137.59. The firm has a market capitalization of $84.60 billion, a P/E ratio of 24.676 and a beta of 0.75.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, August 11th will be paid a $2.0322 dividend. The ex-dividend date is Wednesday, August 9th. This is an increase from Diageo plc’s previous semiannual dividend of $1.19. This represents a dividend yield of 3.12%.
Several analysts have issued reports on the stock. 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 target on shares of Diageo plc and gave the stock a “buy” rating in a research report on Saturday, June 17th. Societe Generale upgraded shares of Diageo plc from a “hold” rating to a “buy” rating in a research report on Monday, June 26th. Citigroup Inc. lowered shares of Diageo plc from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. 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 assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $146.55.
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Diageo plc Company 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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