West Coast Financial LLC trimmed its holdings in shares of Diageo plc (NYSE:DEO) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,321 shares of the company’s stock after selling 1,070 shares during the quarter. West Coast Financial LLC’s holdings in Diageo were worth $2,091,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of DEO. Bangor Savings Bank increased its position in Diageo by 0.9% in the second quarter. Bangor Savings Bank now owns 1,774 shares of the company’s stock worth $212,000 after buying an additional 16 shares during the last quarter. M&R Capital Management Inc. increased its position in Diageo by 1.8% in the second quarter. M&R Capital Management Inc. now owns 2,112 shares of the company’s stock worth $273,000 after buying an additional 37 shares during the last quarter. Advisory Services Network LLC increased its position in Diageo by 1.9% in the second quarter. Advisory Services Network LLC now owns 3,279 shares of the company’s stock worth $393,000 after buying an additional 62 shares during the last quarter. D.A. Davidson & CO. increased its position in Diageo by 0.4% in the second quarter. D.A. Davidson & CO. now owns 21,962 shares of the company’s stock worth $2,631,000 after buying an additional 95 shares during the last quarter. Finally, Frontier Wealth Management LLC increased its position in Diageo by 4.0% in the second quarter. Frontier Wealth Management LLC now owns 2,600 shares of the company’s stock worth $312,000 after buying an additional 100 shares during the last quarter. 12.04% of the stock is owned by institutional investors.
Diageo plc (DEO) traded up $0.09 during trading on Friday, hitting $145.24. The stock had a trading volume of 364,586 shares, compared to its average volume of 433,100. Diageo plc has a 52-week low of $106.61 and a 52-week high of $147.06. The company has a quick ratio of 0.58, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $90,420.00, a price-to-earnings ratio of 24.29, a P/E/G ratio of 2.88 and a beta of 0.75.
DEO has been the subject of a number of recent research reports. Zacks Investment Research downgraded Diageo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Evercore ISI initiated coverage on Diageo in a research report on Thursday, September 28th. They issued an “outperform” rating and a $152.00 target price for the company. Finally, Jefferies Group set a $157.00 target price on Diageo and gave the stock a “buy” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $156.00.
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Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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