Wealth Alliance Has $221,000 Position in Diageo plc (NYSE:DEO)

Wealth Alliance lessened its holdings in shares of Diageo plc (NYSE:DEO) by 56.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,756 shares of the company’s stock after selling 2,322 shares during the period. Wealth Alliance’s holdings in Diageo were worth $221,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Scarborough Advisors LLC bought a new position in Diageo in the 4th quarter worth approximately $25,000. Beacon Capital Management LLC boosted its position in shares of Diageo by 777.3% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Diageo in the second quarter worth $25,000. Concord Wealth Partners bought a new position in Diageo during the first quarter worth $29,000. Finally, Triad Wealth Partners LLC acquired a new position in Diageo during the 2nd quarter valued at $25,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

NYSE DEO opened at $133.03 on Friday. Diageo plc has a twelve month low of $119.48 and a twelve month high of $161.64. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The stock has a market cap of $73.95 billion, a P/E ratio of 19.28, a PEG ratio of 3.84 and a beta of 0.69. The company’s 50-day simple moving average is $129.28 and its 200 day simple moving average is $135.47.

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 paid a $1.62 dividend. The ex-dividend date is Friday, August 30th. This represents a dividend yield of 3.2%. Diageo’s dividend payout ratio is currently 72.61%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DEO. Citigroup upgraded shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a research report on Friday, July 12th. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Finally, Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.