Jamison Private Wealth Management Inc. Reduces Holdings in Diageo plc (NYSE:DEO)

Jamison Private Wealth Management Inc. lowered its position in Diageo plc (NYSE:DEO) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,669 shares of the company’s stock after selling 113 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Diageo were worth $721,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DEO. Brooklyn Investment Group acquired a new position in Diageo during the third quarter worth about $25,000. Eastern Bank lifted its stake in Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of Diageo during the 4th quarter worth approximately $35,000. Concord Wealth Partners purchased a new position in Diageo during the third quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC boosted its stake in Diageo by 1,395.0% during the third quarter. Bruce G. Allen Investments LLC now owns 299 shares of the company’s stock worth $42,000 after buying an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Trading Up 4.7 %

Shares of NYSE DEO opened at $124.53 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.53 and a quick ratio of 0.55. The business’s 50 day moving average is $122.62 and its two-hundred day moving average is $127.60. Diageo plc has a 52-week low of $113.99 and a 52-week high of $154.71.

Analyst Ratings Changes

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

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.