Cullen Capital Management LLC lessened its position in shares of Unilever PLC (NYSE:UL – Free Report) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,186,791 shares of the company’s stock after selling 305,959 shares during the quarter. Unilever comprises 1.6% of Cullen Capital Management LLC’s holdings, making the stock its 27th biggest position. Cullen Capital Management LLC owned 0.10% of Unilever worth $143,016,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Unilever by 9.3% during the 3rd quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after acquiring an additional 2,935,227 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Unilever by 4.4% during the 3rd quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock worth $1,336,048,000 after acquiring an additional 959,269 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Unilever by 1.6% during the 3rd quarter. Bank of America Corp DE now owns 5,773,638 shares of the company’s stock worth $342,261,000 after acquiring an additional 91,049 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Unilever during the 4th quarter worth approximately $268,704,000. Finally, Raymond James Financial Inc. raised its stake in shares of Unilever by 0.5% during the 3rd quarter. Raymond James Financial Inc. now owns 3,293,210 shares of the company’s stock worth $195,221,000 after acquiring an additional 17,763 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.
Analyst Ratings Changes
Several research firms have weighed in on UL. Argus raised shares of Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Finally, Kepler Capital Markets downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Two equities 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 issued a Sell rating to the company. According to data from MarketBeat.com, Unilever currently has an average rating of “Hold” and a consensus target price of $65.55.
Unilever Price Performance
NYSE:UL opened at $58.92 on Friday. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97. The company’s 50 day moving average is $57.39 and its two-hundred day moving average is $63.37.
Unilever Company Profile
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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