Washington Trust Advisors Inc. Reduces Stake in Diageo plc (NYSE:DEO)

Washington Trust Advisors Inc. trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,416 shares of the company’s stock after selling 153 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Diageo were worth $4,269,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Diageo by 47.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,918 shares of the company’s stock valued at $2,814,000 after buying an additional 6,105 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Diageo by 8.2% during the first quarter. Oppenheimer & Co. Inc. now owns 17,033 shares of the company’s stock worth $2,533,000 after acquiring an additional 1,298 shares during the period. BCGM Wealth Management LLC boosted its position in Diageo by 2.5% during the first quarter. BCGM Wealth Management LLC now owns 6,313 shares of the company’s stock worth $939,000 after purchasing an additional 152 shares in the last quarter. Atomi Financial Group Inc. lifted its position in shares of Diageo by 77.0% in the first quarter. Atomi Financial Group Inc. now owns 2,484 shares of the company’s stock valued at $369,000 after acquiring an additional 1,081 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in Diageo by 151.0% in the first quarter. Concurrent Investment Advisors LLC now owns 10,385 shares of the company’s stock valued at $1,545,000 after purchasing an additional 6,248 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Price Performance

NYSE DEO opened at $120.39 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53. The stock has a fifty day simple moving average of $132.52 and a 200 day simple moving average of $132.49. Diageo plc has a twelve month low of $118.35 and a twelve month high of $161.64.

Analyst Ratings Changes

DEO has been the subject of a number of analyst reports. Bank of America raised Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada raised Diageo from an “underperform” rating to a “sector perform” rating in a research note on Monday, August 12th. Finally, The Goldman Sachs Group downgraded Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.