First Horizon Advisors Inc. Sells 958 Shares of Diageo plc (NYSE:DEO)

First Horizon Advisors Inc. cut its holdings in Diageo plc (NYSE:DEO) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,431 shares of the company’s stock after selling 958 shares during the quarter. First Horizon Advisors Inc.’s holdings in Diageo were worth $945,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. boosted its stake in shares of Diageo by 4.4% in the 3rd quarter. Citigroup Inc. now owns 158,428 shares of the company’s stock valued at $22,234,000 after purchasing an additional 6,617 shares in the last quarter. Canoe Financial LP lifted its stake in Diageo by 88,407.3% in the 4th quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Diageo by 32.8% in the third quarter. BNP Paribas Financial Markets now owns 65,894 shares of the company’s stock valued at $9,248,000 after buying an additional 16,285 shares in the last quarter. FMR LLC grew its stake in shares of Diageo by 9.1% during 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 last quarter. Finally, Tevis Investment Management increased its holdings in shares of Diageo by 159.7% during the fourth quarter. Tevis Investment Management now owns 13,869 shares of the company’s stock worth $1,763,000 after buying an additional 8,528 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Stock Performance

Shares of Diageo stock opened at $110.30 on Tuesday. The stock has a market cap of $61.36 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 2.39 and a beta of 0.66. Diageo plc has a twelve month low of $105.72 and a twelve month high of $154.71. The company’s fifty day moving average is $118.76 and its 200 day moving average is $125.43. 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 Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, February 28th will be paid a $1.62 dividend. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 3.8%. Diageo’s payout ratio is 73.28%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. TD Cowen increased their target price on Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group upgraded Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.