Iams Wealth Management LLC Buys 761 Shares of Diageo plc (NYSE:DEO)

Iams Wealth Management LLC increased its holdings in Diageo plc (NYSE:DEO) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,946 shares of the company’s stock after buying an additional 761 shares during the period. Iams Wealth Management LLC’s holdings in Diageo were worth $629,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DEO. Canoe Financial LP increased its position in shares of Diageo by 88,407.3% in the fourth quarter. Canoe Financial LP now owns 8,113,468 shares of the company’s stock worth $1,031,465,000 after purchasing an additional 8,104,301 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Diageo by 105.7% in the 3rd quarter. Natixis Advisors LLC now owns 949,411 shares of the company’s stock worth $133,240,000 after purchasing an additional 487,904 shares in the last quarter. FMR LLC increased its position in shares of Diageo by 9.1% during the 3rd quarter. FMR LLC now owns 5,242,065 shares of the company’s stock valued at $735,671,000 after purchasing an additional 437,646 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Diageo by 52.3% during the 3rd quarter. Raymond James & Associates now owns 853,640 shares of the company’s stock valued at $119,800,000 after buying an additional 293,017 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its stake in Diageo by 30.5% in the third quarter. Confluence Investment Management LLC now owns 1,215,786 shares of the company’s stock worth $170,623,000 after buying an additional 284,046 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on DEO. TD Cowen lifted their price target on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group raised Diageo from a “hold” rating to a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $129.00.

Diageo Stock Performance

Shares of NYSE:DEO opened at $121.91 on Wednesday. The firm’s 50 day simple moving average is $122.84 and its two-hundred day simple moving average is $127.50. 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 1-year low of $113.99 and a 1-year high of $154.71.

Diageo Company 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.