Intercontinental Wealth Advisors LLC Sells 2,432 Shares of Diageo plc (NYSE:DEO)

Intercontinental Wealth Advisors LLC decreased its position in Diageo plc (NYSE:DEO) by 85.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 400 shares of the company’s stock after selling 2,432 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in Diageo were worth $65,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Pennsylvania Trust Co grew its stake in shares of Diageo by 2.5% in the third quarter. Pennsylvania Trust Co now owns 80,730 shares of the company’s stock worth $13,201,000 after acquiring an additional 1,964 shares during the last quarter. JBJ Investment Partners LLC boosted its stake in Diageo by 14.7% during the third quarter. JBJ Investment Partners LLC now owns 1,674 shares of the company’s stock worth $274,000 after buying an additional 214 shares in the last quarter. Hartwell J M Limited Partnership boosted its stake in Diageo by 8.4% during the third quarter. Hartwell J M Limited Partnership now owns 6,100 shares of the company’s stock worth $997,000 after buying an additional 473 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Diageo during the second quarter worth $61,000. Finally, Rehmann Capital Advisory Group boosted its stake in Diageo by 15.6% during the second quarter. Rehmann Capital Advisory Group now owns 1,229 shares of the company’s stock worth $212,000 after buying an additional 166 shares in the last quarter. 9.49% of the stock is currently owned by institutional investors.

Shares of Diageo stock traded up $2.07 during trading on Wednesday, reaching $164.76. The company’s stock had a trading volume of 396,504 shares, compared to its average volume of 365,848. The stock has a 50-day moving average price of $165.58 and a two-hundred day moving average price of $167.36. The company has a current ratio of 1.34, a quick ratio of 0.56 and a debt-to-equity ratio of 1.06. Diageo plc has a one year low of $131.43 and a one year high of $176.22. The stock has a market capitalization of $106.20 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 2.97 and a beta of 0.45.

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, August 9th were issued a $2.111 dividend. This is a boost from Diageo’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend was Thursday, August 8th. Diageo’s payout ratio is currently 61.63%.

DEO has been the subject of a number of analyst reports. ValuEngine cut Diageo from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Kepler Capital Markets cut Diageo from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Sanford C. Bernstein raised Diageo from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 10th. Finally, Societe Generale cut Diageo from a “buy” rating to a “sell” rating in a report on Thursday, September 5th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $178.00.

Diageo Company 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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