Probity Advisors Inc. Sells 71 Shares of Diageo plc (NYSE:DEO)

Probity Advisors Inc. reduced its position in Diageo plc (NYSE:DEOGet Rating) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,157 shares of the company’s stock after selling 71 shares during the quarter. Probity Advisors Inc.’s holdings in Diageo were worth $1,355,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Morgan Stanley boosted its stake in shares of Diageo by 0.8% in the 3rd quarter. Morgan Stanley now owns 2,084,896 shares of the company’s stock valued at $402,384,000 after purchasing an additional 17,049 shares during the last quarter. AKO Capital LLP boosted its stake in shares of Diageo by 21.4% in the 4th quarter. AKO Capital LLP now owns 1,738,289 shares of the company’s stock valued at $382,667,000 after purchasing an additional 306,394 shares during the last quarter. London Co. of Virginia boosted its stake in shares of Diageo by 2.4% in the 3rd quarter. London Co. of Virginia now owns 1,658,839 shares of the company’s stock valued at $320,156,000 after purchasing an additional 38,244 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Diageo by 11.7% in the 3rd quarter. Hsbc Holdings PLC now owns 1,432,518 shares of the company’s stock valued at $276,189,000 after purchasing an additional 149,761 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Diageo by 2.2% during the 3rd quarter. Royal Bank of Canada now owns 1,229,555 shares of the company’s stock valued at $237,304,000 after acquiring an additional 26,726 shares during the period. 9.23% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on DEO. StockNews.com upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research report on Tuesday. Royal Bank of Canada boosted their target price on shares of Diageo from GBX 3,100 ($38.22) to GBX 3,200 ($39.45) in a research report on Friday, January 28th. Credit Suisse Group boosted their target price on shares of Diageo from GBX 4,500 ($55.48) to GBX 4,700 ($57.95) in a research report on Wednesday, April 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Diageo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. upgraded shares of Diageo from a “neutral” rating to an “overweight” rating in a report on Thursday, March 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2,923.17.

Shares of DEO stock traded up $7.49 on Friday, hitting $189.81. The stock had a trading volume of 422,083 shares, compared to its average volume of 425,851. The business has a 50 day moving average of $198.00 and a 200 day moving average of $203.17. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.70 and a current ratio of 1.52. Diageo plc has a 12-month low of $175.46 and a 12-month high of $223.14.

Diageo Profile (Get Rating)

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

Recommended Stories

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

Receive News & Ratings for Diageo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diageo and related companies with MarketBeat.com's FREE daily email newsletter.