Aaron Wealth Advisors LLC Has $401,000 Stock Holdings in Diageo plc (NYSE:DEO)

Aaron Wealth Advisors LLC grew its stake in shares of Diageo plc (NYSE:DEO) by 50.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,857 shares of the company’s stock after acquiring an additional 954 shares during the period. Aaron Wealth Advisors LLC’s holdings in Diageo were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP increased its holdings in Diageo by 56.7% in the fourth quarter. Wellington Management Group LLP now owns 677,478 shares of the company’s stock worth $98,681,000 after buying an additional 245,255 shares during the last quarter. CWM LLC raised its position in shares of Diageo by 69.3% in the first quarter. CWM LLC now owns 4,022 shares of the company’s stock valued at $598,000 after purchasing an additional 1,646 shares during the period. First Hawaiian Bank acquired a new stake in shares of Diageo in the first quarter worth $624,000. Mather Group LLC. bought a new stake in shares of Diageo during the 1st quarter worth $65,000. Finally, Park Avenue Securities LLC grew its stake in Diageo by 124.9% in the 1st quarter. Park Avenue Securities LLC now owns 12,048 shares of the company’s stock valued at $1,792,000 after buying an additional 6,691 shares during the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in 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 shares of Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Finally, Royal Bank of Canada upgraded shares of Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Diageo currently has an average rating of “Hold”.

Diageo Stock Up 1.1 %

Shares of DEO opened at $139.42 on Friday. Diageo plc has a 12 month low of $119.48 and a 12 month high of $161.64. The stock has a market cap of $77.50 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 3.77 and a beta of 0.69. The company has a 50-day moving average price of $133.30 and a two-hundred day moving average price of $133.93. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, October 17th. Investors of record on Friday, August 30th were paid a $1.62 dividend. This represents a yield of 3.2%. The ex-dividend date was Friday, August 30th. Diageo’s dividend payout ratio is 71.37%.

About Diageo

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.