Wrapmanager Inc. Sells 252 Shares of Diageo plc (NYSE:DEO)

Wrapmanager Inc. trimmed its stake in shares of Diageo plc (NYSE:DEO) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,273 shares of the company’s stock after selling 252 shares during the quarter. Wrapmanager Inc.’s holdings in Diageo were worth $477,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Planned Solutions Inc. acquired a new stake in Diageo during the fourth quarter worth about $27,000. Addison Advisors LLC increased its stake in Diageo by 97.3% in the fourth quarter. Addison Advisors LLC now owns 217 shares of the company’s stock valued at $32,000 after acquiring an additional 107 shares during the last quarter. Criterion Capital Advisors LLC acquired a new position in Diageo during the fourth quarter valued at approximately $36,000. First Command Advisory Services Inc. acquired a new position in Diageo during the third quarter valued at approximately $48,000. Finally, Carmel Capital Partners LLC bought a new stake in Diageo during the third quarter worth $49,000. 8.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, BNP Paribas cut Diageo from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3,797.50.

Diageo Trading Up 1.4 %

Shares of NYSE DEO traded up $1.93 during midday trading on Thursday, reaching $142.84. 566,203 shares of the company were exchanged, compared to its average volume of 789,448. The stock’s 50-day moving average price is $144.15 and its 200-day moving average price is $145.28. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. Diageo plc has a one year low of $135.63 and a one year high of $184.93.

About Diageo

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.