Columbia Asset Management Decreases Stock Position in Diageo plc (NYSE:DEO)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. CoreFirst Bank & Trust bought a new position in shares of Diageo during the 4th quarter worth $25,000. Orion Capital Management LLC bought a new position in shares of Diageo during the 4th quarter worth $25,000. BNP Paribas bought a new position in shares of Diageo during the 4th quarter worth $32,000. Measured Risk Portfolios Inc. bought a new position in shares of Diageo during the 4th quarter worth $32,000. Finally, Kestra Investment Management LLC bought a new position in shares of Diageo during the 4th quarter worth $36,000. Institutional investors own 8.97% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on DEO. Deutsche Bank Aktiengesellschaft raised Diageo from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Morgan Stanley reaffirmed an "underweight" rating on shares of Diageo in a research report on Monday, May 12th. Finally, Berenberg Bank began coverage on 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 issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Diageo currently has an average rating of "Hold" and an average price target of $129.00.

Diageo Stock Down 0.1%

DEO stock traded down $0.11 during trading on Friday, reaching $105.10. 741,658 shares of the company traded hands, compared to its average volume of 949,694. Diageo plc has a 12 month low of $100.72 and a 12 month high of $142.73. The business has a 50 day simple moving average of $110.11 and a 200 day simple moving average of $114.32. The company has a market capitalization of $58.47 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60.

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.