Integrated Wealth Concepts LLC Reduces Stock Holdings in Diageo plc (NYSE:DEO)

Integrated Wealth Concepts LLC lessened its holdings in shares of Diageo plc (NYSE:DEO) by 12.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,719 shares of the company’s stock after selling 2,618 shares during the period. Integrated Wealth Concepts LLC’s holdings in Diageo were worth $2,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harris Associates L P lifted its holdings in Diageo by 1.4% in the third quarter. Harris Associates L P now owns 10,896 shares of the company’s stock valued at $1,529,000 after acquiring an additional 155 shares during the period. HighTower Advisors LLC increased its holdings in shares of Diageo by 16.4% during the 3rd quarter. HighTower Advisors LLC now owns 120,686 shares of the company’s stock valued at $16,947,000 after purchasing an additional 16,999 shares in the last quarter. Hilltop Holdings Inc. lifted its stake in shares of Diageo by 87.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 3,234 shares of the company’s stock valued at $454,000 after purchasing an additional 1,511 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of Diageo in the 3rd quarter valued at $2,277,000. Finally, Erste Asset Management GmbH purchased a new stake in Diageo during the third quarter worth $7,331,000. 8.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on DEO. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Thursday. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Finally, Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Diageo currently has an average rating of “Hold”.

Diageo Stock Down 0.4 %

NYSE DEO opened at $122.99 on Friday. The business has a fifty day moving average price of $127.73 and a 200 day moving average price of $129.76. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. Diageo plc has a one year low of $117.72 and a one year high of $154.71.

Diageo 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.