Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Cuts Holdings in Diageo plc (NYSE:DEO)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 64.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,913 shares of the company’s stock after selling 3,401 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Diageo were worth $257,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. J.W. Cole Advisors Inc. increased its holdings in Diageo by 3.8% during the first quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock valued at $321,000 after buying an additional 78 shares during the period. Financial Counselors Inc. increased its holdings in Diageo by 3.3% during the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock valued at $326,000 after buying an additional 83 shares during the period. PFG Investments LLC grew its holdings in Diageo by 3.4% in the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock worth $317,000 after purchasing an additional 83 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Diageo by 1.1% in the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock worth $1,143,000 after purchasing an additional 85 shares during the last quarter. Finally, Gradient Investments LLC grew its holdings in Diageo by 2.8% in the second quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock worth $401,000 after purchasing an additional 86 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Diageo Trading Down 1.9 %

NYSE:DEO opened at $127.66 on Thursday. Diageo plc has a 12 month low of $119.48 and a 12 month high of $161.64. The firm has a fifty day simple moving average of $134.06 and a 200-day simple moving average of $133.28. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $71.01 billion, a P/E ratio of 18.19, a PEG ratio of 3.84 and a beta of 0.69.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. The Goldman Sachs Group lowered shares of Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Citigroup raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Bank of America raised shares of Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.