HF Advisory Group LLC lessened its stake in shares of Unilever PLC (NYSE:UL – Free Report) by 48.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,316 shares of the company’s stock after selling 21,061 shares during the quarter. HF Advisory Group LLC’s holdings in Unilever were worth $1,355,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in Unilever in the first quarter worth approximately $25,000. Bard Associates Inc. acquired a new position in shares of Unilever during the 4th quarter valued at $27,000. Tompkins Financial Corp bought a new stake in shares of Unilever in the 3rd quarter worth $27,000. Whipplewood Advisors LLC bought a new stake in shares of Unilever in the 1st quarter worth $29,000. Finally, Essential Partners LLC lifted its holdings in shares of Unilever by 125.5% in the first quarter. Essential Partners LLC now owns 602 shares of the company’s stock valued at $34,000 after buying an additional 335 shares during the period. Institutional investors own 9.67% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. DZ Bank reaffirmed a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Barclays restated a “buy” rating on shares of Unilever in a research report on Tuesday, July 7th. Jefferies Financial Group reaffirmed a “sell” rating on shares of Unilever in a research note on Tuesday, August 11th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Unilever in a report on Thursday, September 24th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Unilever in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $65.55.
Unilever Trading Up 0.5%
Shares of UL opened at $62.23 on Friday. The company has a 50-day moving average of $62.80 and a two-hundred day moving average of $60.34. Unilever PLC has a one year low of $54.75 and a one year high of $74.97.
Unilever (NYSE:UL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The company had revenue of $14.62 billion for the quarter, compared to analyst estimates of $14.80 billion. Equities analysts forecast that Unilever PLC will post 3.54 EPS for the current year.
About Unilever
Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann’s and Magnum, although product availability varies by market.
The company’s products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.
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