Columbia Asset Management Has $390,000 Stock Holdings in Diageo plc (NYSE:DEO)

Columbia Asset Management decreased its stake in shares of Diageo plc (NYSE:DEO - Free Report) by 97.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,723 shares of the company's stock after selling 150,200 shares during the period. Columbia Asset Management's holdings in Diageo were worth $390,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CoreFirst Bank & Trust acquired a new position in shares of Diageo during the fourth quarter worth approximately $25,000. Orion Capital Management LLC acquired a new stake in shares of Diageo in the fourth quarter valued at approximately $25,000. BNP Paribas bought a new position in Diageo in the 4th quarter worth approximately $32,000. Measured Risk Portfolios Inc. bought a new position in Diageo in the 4th quarter worth approximately $32,000. Finally, Kestra Investment Management LLC acquired a new position in Diageo during the 4th quarter worth $36,000. Institutional investors own 8.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on DEO shares. Morgan Stanley reissued an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft upgraded Diageo from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Berenberg Bank started coverage on shares of Diageo in a research report on Wednesday, April 2nd. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Diageo presently has a consensus rating of "Hold" and an average price target of $129.00.

Diageo Trading Down 0.1%

Shares of DEO stock traded down $0.11 during trading hours on Friday, reaching $105.10. The company had a trading volume of 741,658 shares, compared to its average volume of 947,248. Diageo plc has a 1-year low of $100.72 and a 1-year high of $142.73. 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 firm has a market cap of $58.47 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 2.39 and a beta of 0.58. The company has a 50 day moving average of $110.10 and a 200 day moving average of $114.48.

About Diageo

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.