Weatherly Asset Management L. P. Reduces Stock Position in Diageo plc (NYSE:DEO)

Weatherly Asset Management L. P. reduced its holdings in shares of Diageo plc (NYSE:DEO) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,844 shares of the company’s stock after selling 150 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Diageo were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of DEO. Brooklyn Investment Group purchased a new stake in shares of Diageo during the 3rd quarter valued at approximately $25,000. Eastern Bank lifted its stake in shares of Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of Diageo during the 4th quarter valued at approximately $35,000. Concord Wealth Partners purchased a new stake in shares of Diageo during the 3rd quarter valued at approximately $38,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Diageo during the 4th quarter valued at approximately $47,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DEO has been the topic of several recent analyst reports. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. TD Cowen increased their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $129.00.

Diageo Trading Down 1.9 %

Shares of NYSE:DEO opened at $108.36 on Tuesday. The company’s fifty day moving average price is $122.35 and its 200-day moving average price is $126.74. Diageo plc has a one year low of $108.19 and a one year high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.55.

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.