Kathleen S. Wright Associates Inc. Trims Position in Diageo plc (NYSE:DEO)

Kathleen S. Wright Associates Inc. reduced its position in Diageo plc (NYSE:DEO) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,815 shares of the company’s stock after selling 130 shares during the period. Kathleen S. Wright Associates Inc.’s holdings in Diageo were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Cetera Investment Advisers increased its position in Diageo by 5.3% during the second quarter. Cetera Investment Advisers now owns 74,352 shares of the company’s stock worth $9,374,000 after purchasing an additional 3,722 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Diageo by 7.3% in the 3rd quarter. Park Avenue Securities LLC now owns 12,842 shares of the company’s stock worth $1,802,000 after buying an additional 871 shares during the period. GAMMA Investing LLC boosted its holdings in Diageo by 14.9% in the third quarter. GAMMA Investing LLC now owns 3,387 shares of the company’s stock valued at $475,000 after acquiring an additional 440 shares during the last quarter. Diversified Trust Co acquired a new stake in Diageo during the third quarter worth about $247,000. Finally, Value Partners Investments Inc. raised its holdings in shares of Diageo by 29.4% in the 3rd quarter. Value Partners Investments Inc. now owns 35,220 shares of the company’s stock worth $4,943,000 after purchasing an additional 8,000 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Diageo Price Performance

NYSE DEO opened at $116.91 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a one year low of $113.99 and a one year high of $154.71. The company has a 50-day simple moving average of $122.93 and a 200-day simple moving average of $127.30.

Analyst Ratings Changes

A number of research analysts have weighed in on DEO shares. UBS Group raised shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. TD Cowen lifted their target price on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.