Wealth Alliance LLC Sells 3,107 Shares of Diageo plc (NYSE:DEO)

Wealth Alliance LLC reduced its position in Diageo plc (NYSE:DEO - Free Report) by 41.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,342 shares of the company's stock after selling 3,107 shares during the quarter. Wealth Alliance LLC's holdings in Diageo were worth $455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DEO. Kovitz Investment Group Partners LLC raised its holdings in shares of Diageo by 234.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,600,702 shares of the company's stock valued at $330,627,000 after acquiring an additional 1,822,994 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Diageo by 1,181.5% in the fourth quarter. Bank of Montreal Can now owns 1,406,004 shares of the company's stock valued at $178,745,000 after acquiring an additional 1,296,285 shares in the last quarter. FMR LLC raised its holdings in shares of Diageo by 10.9% in the fourth quarter. FMR LLC now owns 5,813,938 shares of the company's stock valued at $739,126,000 after acquiring an additional 571,873 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Diageo by 39.9% in the fourth quarter. Northern Trust Corp now owns 649,769 shares of the company's stock valued at $82,605,000 after acquiring an additional 185,282 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Diageo by 4,656.6% in the first quarter. GAMMA Investing LLC now owns 154,305 shares of the company's stock valued at $16,170,000 after acquiring an additional 151,061 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Diageo Stock Performance

Shares of Diageo stock opened at $102.12 on Tuesday. The company has a market capitalization of $56.81 billion, a PE ratio of 14.91 and a beta of 0.56. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.67 and a current ratio of 1.60. The company has a 50-day simple moving average of $106.29 and a two-hundred day simple moving average of $109.90. Diageo plc has a one year low of $99.26 and a one year high of $142.73.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley reiterated an "underweight" rating on shares of Diageo in a report on Monday, May 12th. Berenberg Bank assumed coverage on shares of Diageo in a report on Wednesday, April 2nd. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Diageo has an average rating of "Hold" and an average target price 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.

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