Smith Salley & Associates boosted its position in Diageo PLC (NYSE:DEO) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 31,657 shares of the company’s stock after buying an additional 1,191 shares during the period. Smith Salley & Associates’ holdings in Diageo PLC were worth $3,574,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in DEO. Jolley Asset Management LLC increased its stake in Diageo PLC by 37.4% in the second quarter. Jolley Asset Management LLC now owns 1,237 shares of the company’s stock worth $140,000 after buying an additional 337 shares during the period. Carroll Financial Associates Inc. increased its stake in Diageo PLC by 14.8% in the second quarter. Carroll Financial Associates Inc. now owns 1,552 shares of the company’s stock worth $175,000 after buying an additional 200 shares during the period. Telemus Capital LLC purchased a new stake in Diageo PLC during the second quarter worth approximately $201,000. Newman Dignan & Sheerar Inc. purchased a new stake in Diageo PLC during the second quarter worth approximately $203,000. Finally, Warren Averett Asset Management LLC purchased a new stake in Diageo PLC during the second quarter worth approximately $206,000. 10.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Diageo PLC (NYSE:DEO) traded up 0.81% during mid-day trading on Tuesday, hitting $108.60. The company had a trading volume of 255,487 shares. Diageo PLC has a 12 month low of $99.59 and a 12 month high of $117.95. The firm has a market capitalization of $68.16 billion, a P/E ratio of 23.96 and a beta of 0.78. The firm has a 50-day moving average price of $113.51 and a 200 day moving average price of $111.28.
The company also recently declared a dividend, which was paid on Wednesday, October 12th. Investors of record on Friday, August 12th were paid a dividend of $0.192 per share. The ex-dividend date of this dividend was Wednesday, August 10th.
A number of equities research analysts recently commented on DEO shares. Credit Agricole SA initiated coverage on Diageo PLC in a report on Thursday, October 6th. They set a “buy” rating and a $130.00 target price for the company. Jefferies Group reissued a “buy” rating on shares of Diageo PLC in a report on Tuesday. Bank of America Corp. reissued a “buy” rating on shares of Diageo PLC in a report on Friday, September 16th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Diageo PLC in a report on Wednesday, September 7th. Finally, Beaufort Securities reissued a “buy” rating on shares of Diageo PLC in a report on Sunday, July 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $135.78.
Diageo PLC Company Profile
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.