Wilmington Savings Fund Society FSB Trims Stock Holdings in Diageo plc (NYSE:DEO)

Wilmington Savings Fund Society FSB lessened its stake in shares of Diageo plc (NYSE:DEO) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,038 shares of the company’s stock after selling 494 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Diageo were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its stake in shares of Diageo by 1.1% during the third quarter. Global Retirement Partners LLC now owns 8,146 shares of the company’s stock valued at $1,143,000 after buying an additional 85 shares during the period. Alliance Wealth Advisors LLC UT boosted its holdings in shares of Diageo by 2.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,383 shares of the company’s stock worth $430,000 after purchasing an additional 86 shares during the last quarter. Diversified Trust Co grew its position in shares of Diageo by 5.6% in the fourth quarter. Diversified Trust Co now owns 1,855 shares of the company’s stock valued at $236,000 after purchasing an additional 98 shares during the period. Malaga Cove Capital LLC increased its stake in Diageo by 3.4% in the third quarter. Malaga Cove Capital LLC now owns 3,001 shares of the company’s stock valued at $421,000 after purchasing an additional 100 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in Diageo by 1.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 7,218 shares of the company’s stock worth $918,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Stock Performance

Diageo stock opened at $110.36 on Monday. The firm has a fifty day moving average of $122.35 and a 200-day moving average of $126.77. Diageo plc has a 52-week low of $110.18 and a 52-week high of $154.71. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.60 and a quick ratio of 0.55.

Wall Street Analysts Forecast Growth

DEO has been the subject of a number of research analyst reports. TD Cowen upped their price objective on shares of Diageo from $124.00 to $129.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Diageo currently has a consensus rating of “Hold” and a consensus price target of $129.00.

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.