Bartlett & CO. Wealth Management LLC Sells 2,824 Shares of Diageo plc (NYSE:DEO)

Bartlett & CO. Wealth Management LLC lowered its stake in shares of Diageo plc (NYSE:DEO) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,324 shares of the company’s stock after selling 2,824 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Diageo were worth $4,745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AE Wealth Management LLC lifted its position in shares of Diageo by 106.8% during the 2nd quarter. AE Wealth Management LLC now owns 2,996 shares of the company’s stock worth $378,000 after buying an additional 1,547 shares in the last quarter. Sei Investments Co. lifted its holdings in Diageo by 1.7% during the second quarter. Sei Investments Co. now owns 133,341 shares of the company’s stock worth $16,811,000 after acquiring an additional 2,230 shares during the period. Profund Advisors LLC boosted its position in Diageo by 3.0% in the second quarter. Profund Advisors LLC now owns 3,891 shares of the company’s stock worth $491,000 after purchasing an additional 113 shares during the last quarter. 1832 Asset Management L.P. grew its stake in Diageo by 2.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 13,747 shares of the company’s stock valued at $1,733,000 after purchasing an additional 368 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Diageo by 10.5% during the 2nd quarter. Marshall Wace LLP now owns 35,586 shares of the company’s stock valued at $4,487,000 after purchasing an additional 3,386 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Finally, UBS Group upgraded shares of Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Diageo has an average rating of “Hold” and an average price target of $129.00.

Diageo Price Performance

NYSE DEO opened at $119.02 on Friday. The company has a market cap of $66.21 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 4.05 and a beta of 0.67. The company has a quick ratio of 0.55, a current ratio of 1.53 and a debt-to-equity ratio of 1.62. The firm’s 50-day simple moving average is $122.51 and its two-hundred day simple moving average is $127.68. Diageo plc has a 52 week low of $113.99 and a 52 week high of $154.71.

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.