Diageo plc (NYSE:DEO) Position Decreased by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC trimmed its position in Diageo plc (NYSE:DEO) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,520 shares of the company’s stock after selling 379 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Diageo were worth $775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DEO. Financial Counselors Inc. lifted its position in shares of Diageo by 3.3% in the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock worth $326,000 after purchasing an additional 83 shares in the last quarter. PFG Investments LLC lifted its position in shares of Diageo by 3.4% in the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock worth $317,000 after purchasing an additional 83 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after purchasing an additional 85 shares in the last quarter. Gradient Investments LLC lifted its position in shares of Diageo by 2.8% in the second quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after purchasing an additional 86 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Diageo by 0.9% in the first quarter. Toronto Dominion Bank now owns 9,949 shares of the company’s stock worth $1,480,000 after purchasing an additional 90 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a research report on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Diageo Trading Down 0.8 %

Shares of Diageo stock opened at $119.67 on Wednesday. The company’s fifty day simple moving average is $132.12 and its 200-day simple moving average is $132.12. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. Diageo plc has a 1 year low of $118.35 and a 1 year high of $154.71.

Diageo Company Profile

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.