Henry James International Management Inc. Sells 1,208 Shares of Diageo plc (NYSE:DEO)

Henry James International Management Inc. lowered its position in Diageo plc (NYSE:DEO) by 43.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,577 shares of the company’s stock after selling 1,208 shares during the period. Henry James International Management Inc.’s holdings in Diageo were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its position in Diageo by 29.4% in the third quarter. Stratos Wealth Partners LTD. now owns 7,274 shares of the company’s stock worth $1,085,000 after purchasing an additional 1,652 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in Diageo by 19.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,575 shares of the company’s stock valued at $235,000 after buying an additional 253 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in Diageo by 10.0% in the third quarter. J.W. Cole Advisors Inc. now owns 2,138 shares of the company’s stock valued at $319,000 after acquiring an additional 194 shares during the period. Bank of New York Mellon Corp raised its stake in Diageo by 20.3% during the third quarter. Bank of New York Mellon Corp now owns 353,619 shares of the company’s stock worth $52,753,000 after acquiring an additional 59,597 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of Diageo by 11.2% during the third quarter. Verdence Capital Advisors LLC now owns 5,115 shares of the company’s stock valued at $763,000 after acquiring an additional 514 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Analyst Ratings Changes

Separately, BNP Paribas lowered shares of Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, Diageo has a consensus rating of “Hold” and a consensus price target of $3,797.50.

Diageo Stock Performance

Diageo stock traded up $0.87 on Friday, reaching $137.44. The company’s stock had a trading volume of 683,538 shares, compared to its average volume of 826,219. The business’s fifty day moving average price is $145.01 and its 200 day moving average price is $145.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.58 and a quick ratio of 0.65. Diageo plc has a twelve month low of $135.63 and a twelve month high of $188.23.

Diageo Cuts Dividend

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

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.