Prosperity Consulting Group LLC lowered its position in shares of Unilever PLC (NYSE:UL – Free Report) by 75.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,401 shares of the company’s stock after selling 26,274 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Unilever were worth $479,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in UL. Bank of America Corp DE boosted its position in Unilever by 1.6% in the third quarter. Bank of America Corp DE now owns 5,773,638 shares of the company’s stock valued at $342,261,000 after buying an additional 91,049 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Unilever in the 4th quarter worth approximately $268,704,000. Raymond James Financial Inc. grew its position in Unilever by 9.8% during the 4th quarter. Raymond James Financial Inc. now owns 3,616,603 shares of the company’s stock worth $236,526,000 after acquiring an additional 323,393 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Unilever by 44.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company’s stock worth $200,625,000 after acquiring an additional 942,286 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Unilever by 15.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,608,297 shares of the company’s stock valued at $170,586,000 after purchasing an additional 339,997 shares in the last quarter. 9.67% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms have commented on UL. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Monday, July 6th. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Zacks Research cut shares of Unilever from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Finally, Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.55.
Unilever Stock Down 0.6%
Shares of UL opened at $62.35 on Friday. The stock’s fifty day simple moving average is $58.85 and its 200-day simple moving average is $62.45. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97.
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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