Philip James Wealth Mangement LLC Makes New $1.91 Million Investment in Diageo plc (NYSE:DEO)

Philip James Wealth Mangement LLC bought a new stake in shares of Diageo plc (NYSE:DEO - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,212 shares of the company's stock, valued at approximately $1,908,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in Diageo in the fourth quarter worth $202,000. Ieq Capital LLC lifted its stake in Diageo by 10.0% in the fourth quarter. Ieq Capital LLC now owns 2,475 shares of the company's stock worth $315,000 after acquiring an additional 226 shares during the period. IFP Advisors Inc grew its stake in Diageo by 42.6% in the fourth quarter. IFP Advisors Inc now owns 1,238 shares of the company's stock valued at $157,000 after purchasing an additional 370 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Diageo by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 348,598 shares of the company's stock valued at $44,317,000 after acquiring an additional 8,656 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in Diageo by 1.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 6,594 shares of the company's stock valued at $838,000 after buying an additional 109 shares during the last quarter. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Price Performance

Shares of DEO stock opened at $100.59 on Friday. The firm has a market cap of $55.96 billion, a P/E ratio of 14.68 and a beta of 0.58. Diageo plc has a 1-year low of $99.26 and a 1-year high of $142.73. The firm has a fifty day moving average of $109.18 and a two-hundred day moving average of $112.76. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.67.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Diageo from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Berenberg Bank began coverage on Diageo in a research note on Wednesday, April 2nd. They set a "buy" rating on the stock. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Diageo currently has a consensus rating of "Hold" and an average target price of $129.00.

Diageo 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.

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