American Asset Management Inc. trimmed its position in shares of Diageo plc (NYSE:DEO) by 2.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,305 shares of the company’s stock after selling 150 shares during the quarter. Diageo makes up 0.7% of American Asset Management Inc.’s holdings, making the stock its 22nd largest holding. American Asset Management Inc.’s holdings in Diageo were worth $868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. raised its holdings in Diageo by 3.0% in the 4th quarter. Hilltop Holdings Inc. now owns 4,147 shares of the company’s stock worth $588,000 after purchasing an additional 119 shares during the period. Atwater Malick LLC bought a new position in Diageo in the 4th quarter worth $3,859,000. Bangor Savings Bank raised its holdings in Diageo by 7.7% in the 1st quarter. Bangor Savings Bank now owns 2,512 shares of the company’s stock worth $411,000 after purchasing an additional 179 shares during the period. Flagship Harbor Advisors LLC raised its holdings in Diageo by 22.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,518 shares of the company’s stock worth $357,000 after purchasing an additional 459 shares during the period. Finally, Covington Capital Management raised its holdings in Diageo by 2.0% in the 4th quarter. Covington Capital Management now owns 10,184 shares of the company’s stock worth $1,444,000 after purchasing an additional 200 shares during the period. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:DEO traded up $0.36 on Monday, reaching $163.56. 10,139 shares of the company’s stock traded hands, compared to its average volume of 285,331. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.94. The stock has a market cap of $99.46 billion, a PE ratio of 25.77, a P/E/G ratio of 2.84 and a beta of 0.53. Diageo plc has a 12 month low of $131.43 and a 12 month high of $165.53.

The firm also recently declared a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Friday, March 1st will be issued a dividend of $1.3688 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a yield of 1.81%. Diageo’s dividend payout ratio is presently 42.83%.

A number of research firms have commented on DEO. Zacks Investment Research cut Diageo from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Barclays began coverage on Diageo in a report on Monday, April 1st. They set an “overweight” rating on the stock. Investec cut Diageo from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Liberum Capital raised Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Sanford C. Bernstein cut Diageo from a “market perform” rating to an “underperform” rating in a report on Friday, January 4th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Diageo has a consensus rating of “Hold” and an average price target of $164.75.

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Diageo Profile

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.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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