Inlet Private Wealth LLC Acquires New Holdings in Diageo plc $DEO

Inlet Private Wealth LLC acquired a new stake in Diageo plc (NYSE:DEO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,901 shares of the company’s stock, valued at approximately $1,285,000.

A number of other institutional investors have also made changes to their positions in DEO. Arlington Trust Co LLC raised its stake in shares of Diageo by 3,885.7% in the 3rd quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock valued at $27,000 after acquiring an additional 272 shares in the last quarter. Spire Wealth Management raised its stake in shares of Diageo by 123.6% in the 4th quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after acquiring an additional 178 shares in the last quarter. New England Capital Financial Advisors LLC bought a new position in shares of Diageo in the 3rd quarter valued at approximately $29,000. Sound Income Strategies LLC raised its stake in shares of Diageo by 8,000.0% in the 4th quarter. Sound Income Strategies LLC now owns 324 shares of the company’s stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Diageo in the 4th quarter valued at approximately $30,000. 8.97% of the stock is owned by institutional investors.

Diageo Stock Performance

Shares of DEO stock opened at $74.91 on Tuesday. The stock’s fifty day simple moving average is $85.78 and its 200 day simple moving average is $89.62. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. Diageo plc has a one year low of $72.45 and a one year high of $116.69.

Diageo Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, April 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a yield of 207.0%.

Analyst Ratings Changes

A number of research analysts recently weighed in on DEO shares. Sanford C. Bernstein set a $124.00 price objective on Diageo and gave the company an “outperform” rating in a research note on Monday, December 29th. Royal Bank Of Canada raised Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 6th. Zacks Research raised Diageo from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. BNP Paribas Exane raised Diageo from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 25th. Finally, Barclays reaffirmed an “overweight” rating on shares of Diageo in a research report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Diageo presently has a consensus rating of “Hold” and a consensus price target of $116.50.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.