Lorne Steinberg Wealth Management Inc. Has $5.39 Million Stock Holdings in Diageo plc (NYSE:DEO)

Lorne Steinberg Wealth Management Inc. trimmed its position in Diageo plc (NYSE:DEO) by 0.4% in the fourth quarter, Holdings Channel reports. The fund owned 36,980 shares of the company’s stock after selling 130 shares during the quarter. Diageo accounts for 1.8% of Lorne Steinberg Wealth Management Inc.’s portfolio, making the stock its 28th largest holding. Lorne Steinberg Wealth Management Inc.’s holdings in Diageo were worth $5,387,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust increased its stake in shares of Diageo by 12.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,757 shares of the company’s stock valued at $256,000 after buying an additional 198 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Diageo by 5.3% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,994 shares of the company’s stock valued at $1,009,000 after buying an additional 350 shares during the period. RWA Wealth Partners LLC lifted its position in Diageo by 62.5% in the 4th quarter. RWA Wealth Partners LLC now owns 79,481 shares of the company’s stock valued at $11,577,000 after acquiring an additional 30,578 shares in the last quarter. OLD National Bancorp IN purchased a new position in shares of Diageo during the fourth quarter valued at approximately $246,000. Finally, First Command Advisory Services Inc. grew its holdings in Diageo by 83.1% during the fourth quarter. First Command Advisory Services Inc. now owns 586 shares of the company’s stock worth $85,000 after buying an additional 266 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Trading Down 0.2 %

DEO stock traded down $0.32 during mid-day trading on Wednesday, hitting $140.16. The company had a trading volume of 227,012 shares, compared to its average volume of 806,224. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. Diageo plc has a 12 month low of $135.63 and a 12 month high of $190.02. The stock’s fifty day moving average price is $146.74 and its two-hundred day moving average price is $146.31.

Diageo Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a dividend yield of 2.7%.

Analyst Ratings Changes

A number of research analysts recently weighed in on DEO shares. BNP Paribas lowered shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Argus lowered Diageo from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, Diageo presently has an average rating of “Hold” and an average target price of $3,797.50.

About Diageo

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