Diageo plc $DEO Shares Sold by Colonial Trust Advisors

Colonial Trust Advisors lessened its holdings in shares of Diageo plc (NYSE:DEO) by 16.0% during the second quarter, HoldingsChannel reports. The fund owned 11,241 shares of the company’s stock after selling 2,140 shares during the period. Colonial Trust Advisors’ holdings in Diageo were worth $1,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DEO. SageView Advisory Group LLC boosted its position in shares of Diageo by 1.7% during the 1st quarter. SageView Advisory Group LLC now owns 5,450 shares of the company’s stock worth $571,000 after purchasing an additional 89 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Diageo by 3.0% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,287 shares of the company’s stock valued at $331,000 after purchasing an additional 96 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in 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 buying an additional 101 shares in the last quarter. Pavion Blue Capital LLC grew its position in 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 buying an additional 112 shares during the period. Finally, IFP Advisors Inc increased its holdings in Diageo by 9.6% in the second quarter. IFP Advisors Inc now owns 1,409 shares of the company’s stock valued at $142,000 after buying an additional 123 shares in the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Bank of America decreased their price target on Diageo from $117.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. The Goldman Sachs Group upgraded shares of Diageo from a “sell” rating to a “neutral” rating in a research report on Thursday, August 7th. Zacks Research lowered Diageo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Diageo in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $119.00.

Diageo Stock Performance

Shares of NYSE DEO opened at $90.67 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.64 and a current ratio of 1.63. Diageo plc has a 1 year low of $86.57 and a 1 year high of $132.34. The firm’s 50 day moving average price is $94.36 and its 200 day moving average price is $102.42.

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.