RWA Wealth Partners LLC Sells 5,599 Shares of Diageo plc $DEO

RWA Wealth Partners LLC reduced its position in shares of Diageo plc (NYSE:DEO) by 59.1% in the third quarter, Holdings Channel reports. The firm owned 3,873 shares of the company’s stock after selling 5,599 shares during the quarter. RWA Wealth Partners LLC’s holdings in Diageo were worth $370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Equity Investment Corp bought a new stake in Diageo during the third quarter valued at approximately $92,970,000. Federated Hermes Inc. boosted its stake in shares of Diageo by 7.2% during the 3rd quarter. Federated Hermes Inc. now owns 726,578 shares of the company’s stock worth $69,337,000 after acquiring an additional 48,909 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Diageo during the 2nd quarter valued at $310,000. Osaic Holdings Inc. grew its position in shares of Diageo by 42.2% during the 2nd quarter. Osaic Holdings Inc. now owns 99,998 shares of the company’s stock valued at $10,099,000 after acquiring an additional 29,674 shares during the period. Finally, Confluence Investment Management LLC increased its stake in shares of Diageo by 0.9% in the 3rd quarter. Confluence Investment Management LLC now owns 1,363,504 shares of the company’s stock worth $130,119,000 after purchasing an additional 12,678 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

Diageo Trading Up 4.7%

Diageo stock opened at $89.51 on Friday. Diageo plc has a 1 year low of $84.52 and a 1 year high of $116.69. The firm’s 50 day moving average price is $91.51 and its 200-day moving average price is $95.61. The company has a current ratio of 1.63, a quick ratio of 0.64 and a debt-to-equity ratio of 1.64.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DEO. Weiss Ratings reiterated a “sell (d)” rating on shares of Diageo in a research report on Wednesday, January 21st. Barclays reaffirmed an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Diageo in a research note on Friday, November 28th. Zacks Research downgraded shares of Diageo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Finally, UBS Group reiterated a “neutral” rating on shares of Diageo in a research report on Wednesday, December 3rd. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $116.50.

Diageo Profile

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.