Carlton Hofferkamp & Jenks Wealth Management LLC Decreases Position in Diageo plc (NYSE:DEO)

Carlton Hofferkamp & Jenks Wealth Management LLC cut its stake in shares of Diageo plc (NYSE:DEO) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,361 shares of the company’s stock after selling 1,159 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Diageo were worth $554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Citigroup Inc. raised its holdings in shares of Diageo by 4.4% in the third quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock worth $22,234,000 after buying an additional 6,617 shares during the period. Canoe Financial LP raised its holdings in shares of Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after buying an additional 8,104,301 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock worth $9,248,000 after buying an additional 16,285 shares during the period. FMR LLC raised its holdings in shares of Diageo by 9.1% in the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock worth $735,671,000 after buying an additional 437,646 shares during the period. Finally, Maia Wealth LLC raised its holdings in shares of Diageo by 24.7% in the fourth quarter. Maia Wealth LLC now owns 13,112 shares of the company’s stock worth $1,648,000 after buying an additional 2,593 shares during the period. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Up 0.3 %

Shares of NYSE:DEO opened at $109.10 on Tuesday. Diageo plc has a 52-week low of $105.72 and a 52-week high of $151.76. The stock has a market cap of $60.69 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.39 and a beta of 0.66. The business’s 50 day moving average is $117.06 and its 200 day moving average is $124.80. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 1.62.

Diageo Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, April 24th. Shareholders of record on Friday, February 28th will be given a dividend of $1.62 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 3.8%. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DEO shares. UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. TD Cowen increased their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $129.00.

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.