Blair William & Co. IL Sells 13,549 Shares of Diageo plc (NYSE:DEO)

Key Points

• Blair William & Co. IL decreased its holdings in Diageo plc by 31.6% during the first quarter, now owning 29,327 shares worth approximately $3.07 million.
• Analysts have mixed opinions on Diageo, with Goldman Sachs upgrading the stock to a "neutral" rating while Morgan Stanley maintains an "underweight" rating.
• Diageo's stock is currently priced at $108.99, with a market cap of $60.63 billion and a PE ratio of 15.91.

Blair William & Co. IL decreased its position in Diageo plc (NYSE:DEO - Free Report) by 31.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,327 shares of the company's stock after selling 13,549 shares during the quarter. Blair William & Co. IL's holdings in Diageo were worth $3,073,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of Diageo in the fourth quarter valued at approximately $25,000. Perkins Coie Trust Co bought a new stake in Diageo during the first quarter worth $27,000. Barrett & Company Inc. bought a new position in shares of Diageo in the 1st quarter valued at $27,000. Abound Financial LLC bought a new position in shares of Diageo in the 1st quarter valued at $27,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Diageo in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 8.97% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DEO shares. The Goldman Sachs Group upgraded Diageo from a "sell" rating to a "neutral" rating in a research note on Thursday. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $129.00.

Diageo Stock Performance

Shares of NYSE:DEO traded up $0.39 during mid-day trading on Friday, reaching $109.39. The company had a trading volume of 1,049,914 shares, compared to its average volume of 1,617,762. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The firm has a market cap of $60.86 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 3.31 and a beta of 0.53. The company's 50-day moving average price is $103.91 and its 200-day moving average price is $108.29. Diageo plc has a one year low of $96.45 and a one year high of $142.73.

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.