Saratoga Research & Investment Management cut its stake in shares of Unilever PLC (NYSE:UL – Free Report) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,853,095 shares of the company’s stock after selling 255,622 shares during the quarter. Unilever makes up approximately 6.4% of Saratoga Research & Investment Management’s portfolio, making the stock its 4th biggest position. Saratoga Research & Investment Management’s holdings in Unilever were worth $121,192,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Wealth Management LLC boosted its stake in Unilever by 3.9% in the 4th quarter. Cornerstone Wealth Management LLC now owns 4,036 shares of the company’s stock worth $264,000 after buying an additional 151 shares during the last quarter. CoreCap Advisors LLC boosted its stake in Unilever by 19.4% in the 4th quarter. CoreCap Advisors LLC now owns 997 shares of the company’s stock worth $65,000 after buying an additional 162 shares during the last quarter. Synovus Financial Corp boosted its stake in Unilever by 0.5% in the 3rd quarter. Synovus Financial Corp now owns 40,080 shares of the company’s stock worth $2,376,000 after buying an additional 182 shares during the last quarter. Invested Advisors lifted its stake in shares of Unilever by 4.8% in the 4th quarter. Invested Advisors now owns 3,987 shares of the company’s stock valued at $261,000 after purchasing an additional 183 shares in the last quarter. Finally, Tower Bridge Advisors lifted its stake in shares of Unilever by 1.2% in the 3rd quarter. Tower Bridge Advisors now owns 17,495 shares of the company’s stock valued at $1,037,000 after purchasing an additional 200 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on UL shares. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft lowered Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Argus raised Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings lowered Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $65.55.
Unilever Trading Down 1.9%
Shares of NYSE:UL opened at $56.27 on Friday. Unilever PLC has a one year low of $54.95 and a one year high of $74.97. The business’s 50-day simple moving average is $59.60 and its 200 day simple moving average is $64.92.
Unilever (NYSE:UL – Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.00). The company had revenue of $11.87 billion during the quarter, compared to analyst estimates of $31.39 billion. On average, analysts expect that Unilever PLC will post 3.54 earnings per share for the current year.
About Unilever
Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.
Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.
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