Wealth Alliance LLC Raises Position in Diageo plc $DEO

Wealth Alliance LLC increased its holdings in Diageo plc (NYSE:DEO) by 51.4% during the second quarter, Holdings Channel.com reports. The firm owned 6,573 shares of the company’s stock after acquiring an additional 2,231 shares during the quarter. Wealth Alliance LLC’s holdings in Diageo were worth $663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DEO. SageView Advisory Group LLC increased its holdings in Diageo by 1.7% during the 1st quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock worth $571,000 after purchasing an additional 89 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Diageo by 3.6% during the 1st quarter. Venturi Wealth Management LLC now owns 2,582 shares of the company’s stock valued at $271,000 after acquiring an additional 89 shares during the period. Pinnacle West Asset Management Inc. increased its holdings in shares of Diageo by 3.2% during the 1st quarter. Pinnacle West Asset Management Inc. now owns 3,240 shares of the company’s stock worth $340,000 after buying an additional 100 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in Diageo by 2.9% in the second quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock worth $357,000 after purchasing an additional 101 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in Diageo by 2.1% during the first quarter. Kestra Private Wealth Services LLC now owns 5,345 shares of the company’s stock valued at $560,000 after buying an additional 110 shares in the last quarter. 8.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DEO. The Goldman Sachs Group raised shares of Diageo from a “sell” rating to a “neutral” rating in a research note on Thursday, August 7th. Zacks Research downgraded Diageo from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Finally, Bank of America lowered their price objective on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Diageo has an average rating of “Hold” and an average target price of $119.00.

Diageo Trading Down 1.2%

Shares of Diageo stock traded down $1.21 during trading on Thursday, reaching $95.78. The company had a trading volume of 180,759 shares, compared to its average volume of 1,209,065. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. Diageo plc has a fifty-two week low of $86.57 and a fifty-two week high of $132.34. The firm’s fifty day moving average is $96.99 and its 200-day moving average is $104.02.

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.