Fisher Asset Management LLC Sells 6,726 Shares of Diageo plc (NYSE:DEO)

Fisher Asset Management LLC decreased its stake in Diageo plc (NYSE:DEO) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 224,589 shares of the company’s stock after selling 6,726 shares during the period. Fisher Asset Management LLC’s holdings in Diageo were worth $31,519,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in Diageo by 42.7% during the first quarter. Russell Investments Group Ltd. now owns 1,136 shares of the company’s stock valued at $169,000 after purchasing an additional 340 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Diageo by 18.8% during the 1st quarter. Advisors Asset Management Inc. now owns 5,128 shares of the company’s stock valued at $763,000 after purchasing an additional 813 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Diageo by 2.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 73,870 shares of the company’s stock worth $10,988,000 after buying an additional 1,454 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Diageo by 15.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,966 shares of the company’s stock worth $1,208,000 after buying an additional 1,050 shares during the last quarter. Finally, Hancock Whitney Corp bought a new stake in Diageo in the 1st quarter worth approximately $292,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Diageo Stock Down 1.4 %

Shares of Diageo stock opened at $118.72 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. Diageo plc has a one year low of $117.72 and a one year high of $154.71. The business’s 50 day simple moving average is $129.94 and its two-hundred day simple moving average is $130.72.

Analysts Set New Price Targets

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

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.