GWM Advisors LLC Cuts Position in Diageo plc (NYSE:DEO)

GWM Advisors LLC lowered its position in Diageo plc (NYSE:DEO) by 9.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. TCG Advisors LP purchased a new position in shares of Diageo during the first quarter worth approximately $41,000. Trexquant Investment LP boosted its stake in shares of Diageo by 102.1% during the first quarter. Trexquant Investment LP now owns 8,402 shares of the company’s stock valued at $1,375,000 after purchasing an additional 4,245 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Diageo by 393.1% during the first quarter. Lazard Asset Management LLC now owns 238,339 shares of the company’s stock valued at $38,994,000 after purchasing an additional 190,003 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Diageo by 3.0% during the first quarter. The Manufacturers Life Insurance Company now owns 1,095,768 shares of the company’s stock valued at $179,279,000 after purchasing an additional 31,821 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Diageo by 11.3% during the first quarter. Northern Trust Corp now owns 844,162 shares of the company’s stock valued at $138,113,000 after purchasing an additional 85,578 shares in the last quarter. 10.38% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on DEO shares. Zacks Investment Research upgraded shares of Diageo from a “sell” rating to a “hold” rating and set a $178.00 target price for the company in a research note on Monday, May 27th. Barclays initiated coverage on shares of Diageo in a research note on Monday, April 1st. They issued an “overweight” rating for the company. Finally, Investec downgraded shares of Diageo from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Diageo currently has an average rating of “Hold” and a consensus target price of $171.33.

DEO traded down $2.90 on Friday, reaching $172.63. The stock had a trading volume of 231,984 shares, compared to its average volume of 244,810. Diageo plc has a 12-month low of $131.43 and a 12-month high of $176.07. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $171.23. The company has a market cap of $105.20 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.89 and a beta of 0.49.

Diageo Company 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.

Featured Article: Do investors pay a separate front-end load every time they buy additional shares?

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.