Philip James Wealth Mangement LLC Buys 13,684 Shares of Diageo plc $DEO

Philip James Wealth Mangement LLC lifted its position in Diageo plc (NYSE:DEO) by 41.3% during the 3rd quarter, Holdings Channel reports. The firm owned 46,791 shares of the company’s stock after acquiring an additional 13,684 shares during the period. Philip James Wealth Mangement LLC’s holdings in Diageo were worth $4,465,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC boosted its position in Diageo by 3.0% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock valued at $331,000 after buying an additional 96 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in shares of Diageo by 2.9% during the second quarter. Aaron Wealth Advisors LLC now owns 3,541 shares of the company’s stock worth $357,000 after purchasing an additional 101 shares during the period. Pavion Blue Capital LLC boosted its holdings in shares of Diageo by 0.4% during the second quarter. Pavion Blue Capital LLC now owns 26,367 shares of the company’s stock worth $2,659,000 after purchasing an additional 112 shares during the period. IFP Advisors Inc grew its stake in shares of Diageo by 9.6% in the second quarter. IFP Advisors Inc now owns 1,409 shares of the company’s stock worth $142,000 after purchasing an additional 123 shares during the last quarter. Finally, Three Bridge Wealth Advisors LLC increased its holdings in Diageo by 2.0% during the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 6,246 shares of the company’s stock valued at $596,000 after purchasing an additional 124 shares during the period. 8.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Sanford C. Bernstein set a $124.00 price target on Diageo and gave the company an “outperform” rating in a research report on Monday, December 29th. Royal Bank Of Canada upgraded Diageo from a “sector perform” rating to an “outperform” rating in a report on Tuesday. Bank of America dropped their price target on Diageo from $117.00 to $109.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Diageo in a report on Friday, November 28th. Finally, Zacks Research lowered shares of Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $116.50.

Diageo Trading Up 1.6%

Shares of NYSE:DEO opened at $88.37 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.63 and a quick ratio of 0.64. The stock has a 50 day moving average price of $89.68 and a 200-day moving average price of $98.02. Diageo plc has a 52-week low of $84.52 and a 52-week high of $125.94.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.