Greenwood Gearhart Inc. Sells 1,217 Shares of Diageo plc (NYSE:DEO)

Greenwood Gearhart Inc. lowered its stake in shares of Diageo plc (NYSE:DEO) by 43.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,608 shares of the company’s stock after selling 1,217 shares during the period. Greenwood Gearhart Inc.’s holdings in Diageo were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearbridge Investments LLC lifted its stake in shares of Diageo by 7.0% during the 1st quarter. Clearbridge Investments LLC now owns 2,351,654 shares of the company’s stock worth $349,785,000 after purchasing an additional 154,497 shares during the last quarter. Markel Group Inc. raised its holdings in Diageo by 0.5% in the second quarter. Markel Group Inc. now owns 1,366,708 shares of the company’s stock worth $172,315,000 after purchasing an additional 6,300 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Diageo by 10.5% during the second quarter. Confluence Investment Management LLC now owns 931,740 shares of the company’s stock valued at $117,474,000 after buying an additional 88,159 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Diageo by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 856,908 shares of the company’s stock valued at $124,817,000 after buying an additional 14,789 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Diageo by 14.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 753,578 shares of the company’s stock worth $109,766,000 after buying an additional 94,544 shares during the last quarter. Institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DEO. Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group lowered Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Finally, Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Diageo currently has an average rating of “Hold”.

Diageo Stock Down 0.9 %

NYSE:DEO opened at $127.51 on Wednesday. The company’s 50 day moving average is $128.71 and its two-hundred day moving average is $136.33. The company has a market cap of $70.88 billion, a PE ratio of 18.51, a P/E/G ratio of 3.77 and a beta of 0.69. Diageo plc has a twelve month low of $119.48 and a twelve month high of $161.64. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, August 30th will be issued a dividend of $1.62 per share. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 30th. Diageo’s dividend payout ratio (DPR) is presently 72.71%.

Diageo Company Profile

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