Lido Advisors LLC lessened its holdings in shares of Unilever PLC (NYSE:UL – Free Report) by 39.7% during the 4th quarter, HoldingsChannel reports. The firm owned 21,790 shares of the company’s stock after selling 14,334 shares during the period. Lido Advisors LLC’s holdings in Unilever were worth $1,425,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in Unilever during the 4th quarter worth $25,000. Palisade Asset Management LLC acquired a new stake in Unilever during the 3rd quarter worth $25,000. Asset Dedication LLC boosted its stake in Unilever by 108.8% during the 3rd quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after purchasing an additional 248 shares during the last quarter. Global Wealth Strategies & Associates acquired a new stake in Unilever during the 4th quarter worth $29,000. Finally, FNY Investment Advisers LLC acquired a new stake in Unilever during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 9.67% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have issued reports on UL. Argus raised shares of Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Kepler Capital Markets lowered Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $65.55.
Unilever Stock Performance
Shares of UL opened at $56.10 on Tuesday. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The company’s 50-day moving average price is $57.36 and its 200 day moving average price is $63.58.
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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