Weatherly Asset Management L. P. Sells 341 Shares of Diageo plc (NYSE:DEO)

Weatherly Asset Management L. P. reduced its position in shares of Diageo plc (NYSE:DEO) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,994 shares of the company’s stock after selling 341 shares during the period. Weatherly Asset Management L. P.’s holdings in Diageo were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. boosted its holdings in Diageo by 3.8% in the first quarter. J.W. Cole Advisors Inc. now owns 2,158 shares of the company’s stock valued at $321,000 after acquiring an additional 78 shares during the last quarter. Financial Counselors Inc. boosted its holdings in Diageo by 3.3% in the second quarter. Financial Counselors Inc. now owns 2,587 shares of the company’s stock valued at $326,000 after acquiring an additional 83 shares during the last quarter. PFG Investments LLC boosted its holdings in Diageo by 3.4% in the second quarter. PFG Investments LLC now owns 2,516 shares of the company’s stock valued at $317,000 after acquiring an additional 83 shares during the last quarter. Global Retirement Partners LLC boosted 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 valued at $1,143,000 after acquiring an additional 85 shares during the last quarter. Finally, Gradient Investments LLC boosted its holdings in Diageo by 2.8% in the second quarter. Gradient Investments LLC now owns 3,181 shares of the company’s stock valued at $401,000 after acquiring an additional 86 shares during the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Price Performance

Diageo stock opened at $124.21 on Friday. Diageo plc has a 52-week low of $119.48 and a 52-week high of $161.64. The stock’s 50 day moving average price is $133.68 and its two-hundred day moving average price is $133.12. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.53.

Analyst Upgrades and Downgrades

Several analysts recently commented on DEO shares. The Goldman Sachs Group cut Diageo from a “neutral” rating to a “sell” rating in a report on Friday, July 12th. Royal Bank of Canada upgraded Diageo from an “underperform” rating to a “sector perform” rating in a report on Monday, August 12th. Finally, Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Diageo has an average rating of “Hold”.

About Diageo

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.