Westbourne Investment Advisors Inc. purchased a new position in shares of Diageo plc (NYSE:DEO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $142,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DEO. Atria Investments LLC boosted its position in Diageo by 3.4% during the second quarter. Atria Investments LLC now owns 10,336 shares of the company’s stock valued at $1,488,000 after purchasing an additional 344 shares in the last quarter. Segment Wealth Management LLC boosted its holdings in Diageo by 1.9% in the second quarter. Segment Wealth Management LLC now owns 19,082 shares of the company’s stock worth $2,748,000 after acquiring an additional 350 shares in the last quarter. Advisor Partners LLC boosted its holdings in Diageo by 6.6% in the second quarter. Advisor Partners LLC now owns 5,754 shares of the company’s stock worth $829,000 after acquiring an additional 354 shares in the last quarter. M Holdings Securities Inc. boosted its holdings in Diageo by 13.9% in the second quarter. M Holdings Securities Inc. now owns 3,008 shares of the company’s stock worth $433,000 after acquiring an additional 368 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Diageo by 18.6% in the second quarter. Ballentine Partners LLC now owns 2,419 shares of the company’s stock worth $349,000 after acquiring an additional 379 shares in the last quarter. 11.29% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on DEO shares. Argus started coverage on Diageo in a report on Friday, July 13th. They issued a “buy” rating and a $168.00 price target for the company. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, June 25th. Goldman Sachs Group raised Diageo from a “neutral” rating to a “buy” rating and set a $168.00 price target for the company in a report on Thursday, July 12th. Sanford C. Bernstein downgraded Diageo from an “outperform” rating to a “market perform” rating and set a $149.00 price target for the company. in a report on Friday, June 29th. Finally, Macquarie raised Diageo from a “neutral” rating to an “outperform” rating in a report on Thursday, June 21st. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $158.40.

Shares of NYSE:DEO opened at $136.37 on Friday. Diageo plc has a 52-week low of $131.22 and a 52-week high of $151.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.58 and a current ratio of 1.37.

The company also recently disclosed a semiannual dividend, which was paid on Wednesday, October 10th. Stockholders of record on Friday, August 10th were paid a $2.1297 dividend. This represents a dividend yield of 2.87%. This is a boost from Diageo’s previous semiannual dividend of $1.42. The ex-dividend date of this dividend was Thursday, August 9th. Diageo’s dividend payout ratio (DPR) is presently 65.83%.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

Further Reading: How Investors Use a Balance Sheet

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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