1,830 Shares in Diageo PLC (DEO) Acquired by Brightworth
Brightworth bought a new position in shares of Diageo PLC (NYSE:DEO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,830 shares of the company’s stock, valued at approximately $207,000. Diageo PLC accounts for 0.2% of Brightworth’s portfolio, making the stock its 10th largest position.
Other institutional investors have also made changes to their positions in the company. Jolley Asset Management LLC raised its stake in Diageo PLC by 37.4% in the second quarter. Jolley Asset Management LLC now owns 1,237 shares of the company’s stock valued at $140,000 after buying an additional 337 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in Diageo PLC by 14.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,552 shares of the company’s stock valued at $175,000 after buying an additional 200 shares in the last quarter. Baker Ellis Asset Management LLC raised its stake in Diageo PLC by 2.8% in the first quarter. Baker Ellis Asset Management LLC now owns 1,835 shares of the company’s stock valued at $198,000 after buying an additional 50 shares in the last quarter. Telemus Capital LLC purchased a new stake in Diageo PLC during the second quarter valued at about $201,000. Finally, Newman Dignan & Sheerar Inc. purchased a new stake in Diageo PLC during the second quarter valued at about $203,000. 10.97% of the stock is currently owned by institutional investors.
Shares of Diageo PLC (NYSE:DEO) traded up 0.91% on Wednesday, reaching $115.58. The company had a trading volume of 734,330 shares. Diageo PLC has a one year low of $99.59 and a one year high of $117.95. The firm has a market cap of $72.54 billion, a P/E ratio of 24.36 and a beta of 0.76. The company has a 50-day moving average price of $114.15 and a 200-day moving average price of $110.46.
The company also recently disclosed a dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.192 per share. The ex-dividend date of this dividend is Wednesday, August 10th.
Several equities research analysts recently issued reports on DEO shares. Bank of America Corp. reissued a “buy” rating on shares of Diageo PLC in a research report on Friday, September 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Diageo PLC in a research report on Wednesday, September 7th. Beaufort Securities reaffirmed a “buy” rating on shares of Diageo PLC in a research report on Sunday, July 31st. Barclays PLC lowered Diageo PLC from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 8th. Finally, Zacks Investment Research raised Diageo PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Diageo PLC currently has a consensus rating of “Hold” and an average target price of $134.28.
Diageo PLC Company Profile
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses.
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