Diageo PLC (DEO) Shares Sold by Raymond James Trust N.A.
Raymond James Trust N.A. lowered its position in Diageo PLC (NYSE:DEO) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,126 shares of the company’s stock after selling 34 shares during the quarter. Raymond James Trust N.A.’s holdings in Diageo PLC were worth $974,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in Diageo PLC by 6.1% in the first 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 in the last quarter. Harris Associates L P boosted its position in Diageo PLC by 0.8% during the 1st quarter. Harris Associates L P now owns 6,703,040 shares of the company’s stock valued at $774,738,000 after acquiring an additional 50,114 shares in the last quarter. Wellington Management Group LLP boosted its position in Diageo PLC by 1.8% during the 1st quarter. Wellington Management Group LLP now owns 3,270,879 shares of the company’s stock valued at $378,048,000 after acquiring an additional 57,038 shares in the last quarter. Thomaspartners Inc. boosted its position in Diageo PLC by 9.0% during the 1st quarter. Thomaspartners Inc. now owns 2,037,358 shares of the company’s stock valued at $235,478,000 after acquiring an additional 167,976 shares in the last quarter. Finally, Morgan Stanley boosted its position in Diageo PLC by 12.6% during the 1st quarter. Morgan Stanley now owns 1,958,009 shares of the company’s stock valued at $226,307,000 after acquiring an additional 218,450 shares in the last quarter. 11.72% of the stock is currently owned by institutional investors.
Several analysts have issued reports on the company. Jefferies Group LLC set a $142.00 target price on Diageo PLC and gave the company a “buy” rating in a research report on Saturday, June 17th. BidaskClub raised Diageo PLC from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Berenberg Bank cut Diageo PLC from a “buy” rating to a “hold” rating in a research report on Wednesday. Sanford C. Bernstein raised Diageo PLC from a “market perform” rating to an “outperform” rating and increased their target price for the company from $142.36 to $153.00 in a research report on Friday, July 28th. Finally, Citigroup Inc. cut Diageo PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $146.55.
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Diageo PLC (NYSE DEO) opened at 135.09 on Thursday. Diageo PLC has a 1-year low of $99.46 and a 1-year high of $137.59. The firm has a market cap of $84.89 billion, a P/E ratio of 24.76 and a beta of 0.75. The firm has a 50-day moving average of $131.77 and a 200 day moving average of $121.56.
The company 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 dividend of $2.0322 per share. This is an increase from Diageo PLC’s previous semiannual dividend of $1.19. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a yield of 3.12%.
About Diageo PLC
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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