180 Wealth Advisors LLC Lowers Stock Holdings in Diageo plc (NYSE:DEO)

180 Wealth Advisors LLC lessened its holdings in Diageo plc (NYSE:DEO) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,790 shares of the company’s stock after selling 107 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Diageo were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Eastern Bank boosted its holdings in Diageo by 107.8% in the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Diageo by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 118,712 shares of the company’s stock valued at $16,660,000 after purchasing an additional 346 shares in the last quarter. First Hawaiian Bank boosted its holdings in Diageo by 24.6% in the 4th quarter. First Hawaiian Bank now owns 5,407 shares of the company’s stock valued at $687,000 after purchasing an additional 1,069 shares in the last quarter. Diversified Trust Co boosted its holdings in Diageo by 5.6% in the 4th quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after purchasing an additional 98 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida purchased a new stake in Diageo in the 4th quarter valued at approximately $269,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Price Performance

DEO stock opened at $116.13 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62. Diageo plc has a 12-month low of $113.99 and a 12-month high of $154.71. The company has a market cap of $64.60 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 3.73 and a beta of 0.67. The firm has a 50 day moving average of $122.77 and a 200-day moving average of $128.09.

Analysts Set New Price Targets

DEO has been the topic of a number of analyst reports. Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen lifted their price target on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Diageo presently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Company 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.