Arkadios Wealth Advisors Purchases 1,044 Shares of Diageo plc (NYSE:DEO)

Arkadios Wealth Advisors increased its position in Diageo plc (NYSE:DEO) by 803.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,174 shares of the company’s stock after acquiring an additional 1,044 shares during the period. Arkadios Wealth Advisors’ holdings in Diageo were worth $192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Professional Advisory Services Inc. grew its holdings in shares of Diageo by 0.3% in the first quarter. Professional Advisory Services Inc. now owns 108,740 shares of the company’s stock worth $17,856,000 after acquiring an additional 280 shares during the period. Icon Wealth Partners LLC lifted its position in Diageo by 8.9% during the first quarter. Icon Wealth Partners LLC now owns 3,282 shares of the company’s stock valued at $539,000 after purchasing an additional 269 shares in the last quarter. Canvas Wealth Advisors LLC purchased a new position in Diageo during the first quarter valued at $2,445,000. Joel Isaacson & Co. LLC lifted its position in Diageo by 3.2% during the first quarter. Joel Isaacson & Co. LLC now owns 6,397 shares of the company’s stock valued at $1,050,000 after purchasing an additional 200 shares in the last quarter. Finally, BRYN MAWR TRUST Co lifted its position in Diageo by 5.9% during the first quarter. BRYN MAWR TRUST Co now owns 2,324 shares of the company’s stock valued at $382,000 after purchasing an additional 129 shares in the last quarter. 10.05% of the stock is owned by institutional investors.

NYSE:DEO opened at $180.31 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 0.88 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $105.47 billion, a P/E ratio of 32.78, a P/E/G ratio of 3.47 and a beta of 0.66. Diageo plc has a 12 month low of $127.12 and a 12 month high of $183.73. The business’s 50-day moving average is $172.88 and its 200 day moving average is $160.68.

Several equities analysts recently weighed in on the company. Barclays reiterated an “overweight” rating on shares of Diageo in a research report on Friday, January 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Diageo in a research report on Friday, January 29th. Morgan Stanley initiated coverage on Diageo in a research report on Tuesday, February 2nd. They issued an “overweight” rating on the stock. Berenberg Bank restated a “hold” rating on shares of Diageo in a research report on Monday, February 1st. Finally, Credit Suisse Group restated an “outperform” rating on shares of Diageo in a research report on Friday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Diageo currently has an average rating of “Hold” and an average target price of $154.33.

About Diageo

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages. The company offers scotch, whisky, gin, vodka, rum, ready to drink products, Irish cream liqueur, raki, liqueur, wine, tequila, Canadian whisky, American whiskey, adult beverages, cachaça, spirits, and brandy, as well as beer, including cider and non-alcoholic products.

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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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