Diageo plc (NYSE:DEO) Shares Sold by GWM Advisors LLC

GWM Advisors LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 9.3% in the first quarter, Holdings Channel reports. The institutional investor owned 3,850 shares of the company’s stock after selling 394 shares during the period. GWM Advisors LLC’s holdings in Diageo were worth $630,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Acima Private Wealth LLC raised its position in shares of Diageo by 29.3% during the first quarter. Acima Private Wealth LLC now owns 265 shares of the company’s stock valued at $43,000 after buying an additional 60 shares during the last quarter. Grove Bank & Trust raised its position in shares of Diageo by 3.2% during the first quarter. Grove Bank & Trust now owns 1,996 shares of the company’s stock valued at $326,000 after buying an additional 61 shares during the last quarter. Marietta Wealth Management LLC raised its position in shares of Diageo by 2.1% during the first quarter. Marietta Wealth Management LLC now owns 3,016 shares of the company’s stock valued at $493,000 after buying an additional 61 shares during the last quarter. Capital Insight Partners LLC raised its position in shares of Diageo by 0.7% during the first quarter. Capital Insight Partners LLC now owns 8,739 shares of the company’s stock valued at $1,430,000 after buying an additional 65 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in shares of Diageo by 0.6% during the first quarter. Moody National Bank Trust Division now owns 10,772 shares of the company’s stock valued at $1,762,000 after buying an additional 65 shares during the last quarter. 10.38% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on DEO. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Investec lowered shares of Diageo from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Finally, Barclays began coverage on shares of Diageo in a research note on Monday, April 1st. They issued an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $165.75.

NYSE DEO opened at $172.19 on Friday. The stock has a market capitalization of $105.43 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 3.08 and a beta of 0.50. Diageo plc has a twelve month low of $131.43 and a twelve month high of $174.73. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94.

COPYRIGHT VIOLATION WARNING: This news story was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2019/06/15/diageo-plc-nysedeo-shares-sold-by-gwm-advisors-llc.html.

Diageo Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

Recommended Story: Net Margin – Understanding the Different Kinds of Profit

Want to see what other hedge funds are holding DEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diageo plc (NYSE:DEO).

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.