Diageo plc $DEO Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its position in shares of Diageo plc (NYSE:DEO) by 24.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,165 shares of the company’s stock after selling 7,066 shares during the period. Blair William & Co. IL’s holdings in Diageo were worth $2,115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Diageo during the 4th quarter worth about $202,000. Savant Capital LLC purchased a new position in Diageo in the second quarter valued at approximately $310,000. AE Wealth Management LLC lifted its position in Diageo by 2.7% during the second quarter. AE Wealth Management LLC now owns 4,913 shares of the company’s stock valued at $495,000 after buying an additional 131 shares in the last quarter. Profund Advisors LLC lifted its position in Diageo by 3.6% during the second quarter. Profund Advisors LLC now owns 5,027 shares of the company’s stock valued at $507,000 after buying an additional 174 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Diageo by 132.2% during the second quarter. Allworth Financial LP now owns 2,749 shares of the company’s stock worth $277,000 after buying an additional 1,565 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

Shares of DEO opened at $76.78 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.60 and a debt-to-equity ratio of 1.53. The business’s 50 day moving average is $90.75 and its two-hundred day moving average is $93.69. Diageo plc has a 52-week low of $75.77 and a 52-week high of $116.69.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DEO shares. Sanford C. Bernstein set a $124.00 price objective on shares of Diageo and gave the stock an “outperform” rating in a research report on Monday, December 29th. Royal Bank Of Canada raised shares of Diageo from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 6th. Barclays reiterated an “overweight” rating on shares of Diageo in a report on Thursday, December 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $116.50.

Diageo Profile

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.