Alliance Wealth Advisors LLC UT Buys Shares of 2,853 Diageo plc (NYSE:DEO)

Alliance Wealth Advisors LLC UT bought a new stake in shares of Diageo plc (NYSE:DEO) during the fourth quarter, Holdings Channel reports. The fund bought 2,853 shares of the company’s stock, valued at approximately $416,000.

A number of other institutional investors have also added to or reduced their stakes in DEO. Western Wealth Management LLC grew its position in shares of Diageo by 2.6% in the 3rd quarter. Western Wealth Management LLC now owns 2,559 shares of the company’s stock worth $382,000 after buying an additional 66 shares during the last quarter. O Brien Greene & Co. Inc grew its position in shares of Diageo by 2.4% in the 3rd quarter. O Brien Greene & Co. Inc now owns 2,970 shares of the company’s stock worth $443,000 after buying an additional 70 shares during the last quarter. SVB Wealth LLC grew its position in shares of Diageo by 1.8% in the 4th quarter. SVB Wealth LLC now owns 3,988 shares of the company’s stock worth $581,000 after buying an additional 70 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE grew its position in shares of Diageo by 0.5% in the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 14,246 shares of the company’s stock worth $2,075,000 after buying an additional 72 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Diageo by 3.3% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,243 shares of the company’s stock worth $327,000 after buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO stock traded up $0.33 during trading on Friday, reaching $138.64. The company had a trading volume of 610,772 shares, compared to its average volume of 745,350. The company has a quick ratio of 0.65, a current ratio of 1.58 and a debt-to-equity ratio of 1.73. Diageo plc has a twelve month low of $135.63 and a twelve month high of $189.54. The firm has a 50-day simple moving average of $146.29 and a 200-day simple moving average of $146.08.

Diageo Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 1st were paid a dividend of $1.62 per share. This represents a yield of 2.7%. The ex-dividend date of this dividend was Thursday, February 29th.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Argus cut shares of Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. BNP Paribas cut shares of Diageo from a “neutral” rating to an “underperform” rating in a research note on Friday, January 12th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3,797.50.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.