Weatherly Asset Management L. P. Has $870,000 Stake in Diageo plc (NYSE:DEO)

Weatherly Asset Management L. P. lowered its stake in shares of Diageo plc (NYSE:DEO) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,844 shares of the company’s stock after selling 150 shares during the period. 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.

Several other institutional investors have also recently made changes to their positions in DEO. Brooklyn Investment Group acquired a new position in shares of Diageo during the third quarter valued at about $25,000. Eastern Bank raised its holdings in shares of Diageo by 107.8% during the fourth quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Modus Advisors LLC acquired a new position in shares of Diageo during the fourth quarter valued at about $35,000. Concord Wealth Partners acquired a new position in shares of Diageo during the third quarter valued at about $38,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Diageo during the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Down 1.9 %

Shares of DEO stock opened at $108.36 on Tuesday. Diageo plc has a 52-week low of $108.19 and a 52-week high of $154.71. The company has a quick ratio of 0.55, a current ratio of 1.60 and a debt-to-equity ratio of 1.62. The company has a 50-day simple moving average of $122.35 and a two-hundred day simple moving average of $126.74.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TD Cowen boosted their target price on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Jefferies Financial Group raised shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $129.00.

About Diageo

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.