Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 705 Shares of Diageo plc (NYSE:DEO)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its holdings in shares of Diageo plc (NYSE:DEO) by 36.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,208 shares of the company’s stock after selling 705 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Diageo were worth $152,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Diageo during the third quarter worth about $25,000. Eastern Bank raised its holdings in Diageo by 107.8% during the 4th quarter. Eastern Bank now owns 241 shares of the company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Concord Wealth Partners acquired a new position in shares of Diageo in the 3rd quarter worth approximately $38,000. Modus Advisors LLC bought a new stake in shares of Diageo in the 4th quarter valued at $35,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Diageo during the fourth quarter worth $47,000. Institutional investors own 8.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Diageo from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. UBS Group raised Diageo from a “sell” rating to a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen raised their target price on Diageo from $124.00 to $129.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $129.00.

Diageo Stock Down 1.3 %

NYSE:DEO opened at $110.36 on Monday. The firm has a fifty day simple moving average of $122.35 and a two-hundred day simple moving average of $126.77. Diageo plc has a 12 month low of $110.18 and a 12 month high of $154.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.55 and a current ratio of 1.60.

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.