Boston Trust Walden Corp Sells 16,655 Shares of Diageo plc (NYSE:DEO)

Boston Trust Walden Corp lessened its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 62.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,031 shares of the company's stock after selling 16,655 shares during the period. Boston Trust Walden Corp's holdings in Diageo were worth $1,051,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CoreFirst Bank & Trust acquired a new position in Diageo during the fourth quarter worth approximately $25,000. Orion Capital Management LLC acquired a new position in Diageo during the fourth quarter worth approximately $25,000. Perkins Coie Trust Co acquired a new position in Diageo during the first quarter worth approximately $27,000. Barrett & Company Inc. acquired a new position in Diageo during the first quarter worth approximately $27,000. Finally, Opal Wealth Advisors LLC acquired a new position in Diageo during the first quarter worth approximately $30,000. Institutional investors own 8.97% of the company's stock.

Diageo Stock Down 0.9%

Shares of Diageo stock traded down $0.91 on Friday, hitting $100.72. The stock had a trading volume of 1,068,755 shares, compared to its average volume of 960,663. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67. The business's 50 day moving average is $109.86 and its two-hundred day moving average is $113.33. Diageo plc has a twelve month low of $100.66 and a twelve month high of $142.73.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DEO shares. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Berenberg Bank assumed coverage on Diageo in a research report on Wednesday, April 2nd. They issued a "buy" rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $129.00.

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.