Fishman Jay A Ltd. MI Sells 150 Shares of Diageo plc (NYSE:DEO)

Fishman Jay A Ltd. MI reduced its stake in Diageo plc (NYSE:DEO) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,434 shares of the company’s stock after selling 150 shares during the period. Diageo accounts for 0.8% of Fishman Jay A Ltd. MI’s holdings, making the stock its 28th biggest holding. Fishman Jay A Ltd. MI’s holdings in Diageo were worth $4,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. TRUE Private Wealth Advisors purchased a new stake in shares of Diageo in the 2nd quarter worth approximately $29,000. Squar Milner Financial Services LLC lifted its position in shares of Diageo by 169.9% in the 3rd quarter. Squar Milner Financial Services LLC now owns 197 shares of the company’s stock worth $32,000 after purchasing an additional 124 shares during the period. Meridian Wealth Management LLC purchased a new stake in shares of Diageo in the 2nd quarter worth approximately $33,000. Manchester Financial Inc. purchased a new stake in Diageo during the second quarter valued at approximately $45,000. Finally, Norway Savings Bank lifted its position in Diageo by 36.5% during the third quarter. Norway Savings Bank now owns 273 shares of the company’s stock valued at $45,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 9.48% of the company’s stock.

NYSE:DEO traded down $1.03 during midday trading on Friday, reaching $159.04. 417,322 shares of the stock traded hands, compared to its average volume of 363,973. Diageo plc has a 12-month low of $137.24 and a 12-month high of $176.22. The business has a 50-day moving average of $161.99 and a two-hundred day moving average of $167.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.56 and a current ratio of 1.34. The stock has a market capitalization of $102.94 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 2.79 and a beta of 0.45.

A number of research firms recently commented on DEO. Zacks Investment Research raised shares of Diageo from a “sell” rating to a “hold” rating and set a $171.00 target price for the company in a research report on Monday, November 4th. Sanford C. Bernstein raised shares of Diageo from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 10th. ValuEngine cut shares of Diageo from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley reissued an “overweight” rating on shares of Diageo in a research report on Thursday, October 24th. Finally, Societe Generale cut shares of Diageo from a “buy” rating to a “sell” rating in a research report on Thursday, September 5th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $171.00.

Diageo 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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Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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