Trust Co. of Virginia VA grew its position in shares of Diageo plc (NYSE:DEO) by 16.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,725 shares of the company’s stock after acquiring an additional 4,029 shares during the quarter. Trust Co. of Virginia VA’s holdings in Diageo were worth $4,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of DEO. Centerpoint Advisors LLC bought a new position in shares of Diageo during the fourth quarter valued at approximately $26,000. Financial Gravity Wealth Inc. bought a new position in Diageo in the first quarter worth $27,000. Acima Private Wealth LLC bought a new position in Diageo in the fourth quarter worth $29,000. Claybrook Capital LLC bought a new position in Diageo in the fourth quarter worth $30,000. Finally, Capital Investment Advisory Services LLC bought a new position in Diageo in the fourth quarter worth $31,000. 10.55% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on DEO. Zacks Investment Research upgraded Diageo from a “sell” rating to a “hold” rating in a report on Tuesday. Liberum Capital upgraded Diageo from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Barclays began coverage on Diageo in a report on Monday, April 1st. They issued an “overweight” rating for the company. Finally, Investec downgraded Diageo from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Diageo presently has an average rating of “Hold” and an average target price of $164.75.
Shares of NYSE DEO traded up $0.14 during trading on Tuesday, reaching $169.63. The company had a trading volume of 5,673 shares, compared to its average volume of 381,404. Diageo plc has a 12-month low of $131.43 and a 12-month high of $171.58. The stock has a market cap of $103.29 billion, a P/E ratio of 26.67, a P/E/G ratio of 3.01 and a beta of 0.54. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94.
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Diageo Company Profile
Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.
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