Heritage Wealth Advisors Grows Holdings in Diageo plc (DEO)
Heritage Wealth Advisors raised its holdings in shares of Diageo plc (NYSE:DEO) by 92.7% in the 4th quarter, Holdings Channel reports. The firm owned 3,190 shares of the company’s stock after buying an additional 1,535 shares during the quarter. Heritage Wealth Advisors’ holdings in Diageo were worth $467,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the business. Linscomb & Williams Inc. bought a new position in Diageo during the fourth quarter valued at $212,000. Trust Co. of Vermont lifted its position in Diageo by 0.9% during the fourth quarter. Trust Co. of Vermont now owns 61,438 shares of the company’s stock valued at $8,971,000 after purchasing an additional 566 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Diageo during the fourth quarter valued at $424,000. Moody Lynn & Lieberson LLC lifted its position in Diageo by 61.2% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 83,433 shares of the company’s stock valued at $11,892,000 after purchasing an additional 31,684 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in Diageo during the fourth quarter valued at $274,000. Institutional investors and hedge funds own 12.03% of the company’s stock.
Several research firms have commented on DEO. Royal Bank of Canada lowered shares of Diageo from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Jefferies Group set a $157.00 price objective on shares of Diageo and gave the company a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded shares of Diageo from a “hold” rating to a “buy” rating and set a $163.00 price objective for the company in a research report on Monday, January 22nd. Finally, BNP Paribas lowered shares of Diageo from an “outperform” rating to a “neutral” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Diageo currently has an average rating of “Hold” and a consensus target price of $156.25.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, February 23rd will be issued a $1.4232 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a dividend yield of 1.96%.
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Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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