Ashton Thomas Private Wealth LLC Lowers Position in Diageo plc (NYSE:DEO)

Ashton Thomas Private Wealth LLC reduced its stake in Diageo plc (NYSE:DEO) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,606 shares of the company’s stock after selling 257 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Diageo were worth $927,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Addison Advisors LLC raised its stake in shares of Diageo by 108.2% in the 3rd quarter. Addison Advisors LLC now owns 406 shares of the company’s stock valued at $57,000 after acquiring an additional 211 shares during the period. Catalytic Wealth RIA LLC increased its holdings in Diageo by 25.2% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,793 shares of the company’s stock valued at $813,000 after purchasing an additional 1,166 shares during the last quarter. Chartwell Investment Partners LLC raised its position in Diageo by 4.8% in the third quarter. Chartwell Investment Partners LLC now owns 32,138 shares of the company’s stock valued at $4,510,000 after purchasing an additional 1,481 shares during the period. Legacy Capital Wealth Partners LLC lifted its stake in Diageo by 103.2% during the third quarter. Legacy Capital Wealth Partners LLC now owns 5,642 shares of the company’s stock worth $792,000 after purchasing an additional 2,866 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in shares of Diageo by 14.5% during the third quarter. Sigma Planning Corp now owns 5,965 shares of the company’s stock worth $837,000 after buying an additional 754 shares during the period. Institutional investors and hedge funds own 8.97% of the company’s stock.

Diageo Price Performance

Shares of NYSE DEO opened at $119.20 on Thursday. The business’s fifty day simple moving average is $132.12 and its 200-day simple moving average is $132.12. Diageo plc has a 12-month low of $117.84 and a 12-month high of $154.71. The company has a current ratio of 1.53, a quick ratio of 0.55 and a debt-to-equity ratio of 1.62.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America upgraded Diageo from a “neutral” rating to a “buy” rating in a report on Thursday, September 12th. Royal Bank of Canada raised shares of Diageo from an “underperform” rating to a “sector perform” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.