Marble Harbor Investment Counsel LLC Purchases 8,380 Shares of Diageo plc $DEO

Marble Harbor Investment Counsel LLC lifted its position in Diageo plc (NYSE:DEO) by 34.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,418 shares of the company’s stock after purchasing an additional 8,380 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Diageo were worth $2,797,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. increased its position in shares of Diageo by 48.5% in the third quarter. Raymond James Financial Inc. now owns 1,701,878 shares of the company’s stock worth $162,410,000 after purchasing an additional 555,509 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Diageo by 8.5% in the third quarter. Envestnet Asset Management Inc. now owns 1,547,626 shares of the company’s stock worth $147,690,000 after purchasing an additional 121,008 shares during the last quarter. Cullen Capital Management LLC increased its position in shares of Diageo by 67.5% in the third quarter. Cullen Capital Management LLC now owns 1,309,258 shares of the company’s stock worth $124,943,000 after purchasing an additional 527,814 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Diageo by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 1,276,576 shares of the company’s stock worth $121,824,000 after purchasing an additional 4,227 shares during the last quarter. Finally, Orbis Allan Gray Ltd increased its position in shares of Diageo by 236.6% in the second quarter. Orbis Allan Gray Ltd now owns 1,157,991 shares of the company’s stock worth $116,772,000 after purchasing an additional 813,973 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

Shares of NYSE:DEO opened at $84.20 on Wednesday. The stock’s 50-day moving average price is $78.42 and its 200-day moving average price is $86.48. Diageo plc has a 12-month low of $72.45 and a 12-month high of $116.41. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53.

Diageo Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, June 4th. Stockholders of record on Friday, April 17th will be paid a dividend of $0.80 per share. This represents a dividend yield of 195.0%. The ex-dividend date of this dividend is Friday, April 17th.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DEO. Zacks Research upgraded shares of Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. HSBC cut Diageo from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research note on Monday, April 20th. Argus raised Diageo to a “hold” rating in a research note on Tuesday, March 10th. Finally, BNP Paribas Exane upgraded shares of Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Diageo presently has a consensus rating of “Hold” and a consensus target price of $116.50.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.