Angeles Investment Advisors LLC Has $582,000 Stock Position in Diageo plc (NYSE:DEO)

Angeles Investment Advisors LLC trimmed its stake in shares of Diageo plc (NYSE:DEO) by 10.1% during the fourth quarter, Holdings Channel reports. The firm owned 4,577 shares of the company’s stock after selling 515 shares during the period. Angeles Investment Advisors LLC’s holdings in Diageo were worth $582,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in DEO. Canoe Financial LP boosted its holdings in Diageo by 88,407.3% during the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock valued at $1,031,465,000 after purchasing an additional 8,104,301 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Diageo during the fourth quarter valued at approximately $123,892,000. FMR LLC boosted its holdings in Diageo by 9.1% during the third quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after purchasing an additional 437,646 shares in the last quarter. ABC Arbitrage SA acquired a new stake in Diageo during the fourth quarter valued at approximately $37,777,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Diageo by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,116,994 shares of the company’s stock worth $156,759,000 after acquiring an additional 229,946 shares in the last quarter. 8.97% of the stock is owned by institutional investors and hedge funds.

Diageo Stock Performance

DEO stock opened at $107.09 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The company has a 50 day moving average price of $112.65 and a 200 day moving average price of $122.64. Diageo plc has a fifty-two week low of $105.23 and a fifty-two week high of $149.44. The stock has a market capitalization of $59.57 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65.

Diageo Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, February 28th will be given a $1.62 dividend. This represents a yield of 3.8%. The ex-dividend date is Friday, February 28th. Diageo’s dividend payout ratio (DPR) is presently 46.42%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised Diageo from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen boosted their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $129.00.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. The company offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavored malt beverages. It also provides Chinese, Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as flavored malt beverages, ready to drink, and non-alcoholic products.