Iams Wealth Management LLC Increases Position in Diageo plc (NYSE:DEO)

Iams Wealth Management LLC boosted its position in Diageo plc (NYSE:DEO) by 25.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,362 shares of the company’s stock after buying an additional 1,504 shares during the quarter. Iams Wealth Management LLC’s holdings in Diageo were worth $1,128,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Scarborough Advisors LLC bought a new position in shares of Diageo during the fourth quarter valued at approximately $25,000. Planned Solutions Inc. acquired a new position in shares of Diageo during the fourth quarter worth approximately $27,000. Addison Advisors LLC boosted its position in shares of Diageo by 97.3% during the fourth quarter. Addison Advisors LLC now owns 217 shares of the company’s stock worth $32,000 after buying an additional 107 shares during the period. Criterion Capital Advisors LLC bought a new position in Diageo during the 4th quarter valued at $36,000. Finally, Accent Capital Management LLC bought a new stake in shares of Diageo during the 4th quarter worth $44,000. 8.97% of the stock is owned by institutional investors.

Diageo Trading Down 0.5 %

Shares of DEO traded down $0.57 during trading hours on Tuesday, hitting $125.30. 405,698 shares of the company were exchanged, compared to its average volume of 732,083. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.65 and a current ratio of 1.58. The firm has a fifty day simple moving average of $136.17 and a 200-day simple moving average of $142.25. Diageo plc has a one year low of $124.80 and a one year high of $179.78.

Diageo Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.