Sustainable Growth Advisers LP lessened its holdings in Unilever PLC (NYSE:UL – Free Report) by 36.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 195,902 shares of the company’s stock after selling 114,548 shares during the period. Sustainable Growth Advisers LP’s holdings in Unilever were worth $11,897,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Walser Wealth Management Company A Ltd Liability Co bought a new position in Unilever during the third quarter valued at $203,000. B.A. Schrock Wealth Management Inc. bought a new stake in shares of Unilever in the 3rd quarter worth about $304,000. Mather Group LLC. increased its holdings in shares of Unilever by 2.6% in the 3rd quarter. Mather Group LLC. now owns 6,948 shares of the company’s stock worth $422,000 after buying an additional 175 shares during the last quarter. Columbus Macro LLC raised its position in shares of Unilever by 2.4% during the 3rd quarter. Columbus Macro LLC now owns 40,791 shares of the company’s stock valued at $2,477,000 after buying an additional 963 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC raised its position in shares of Unilever by 5.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 19,130 shares of the company’s stock valued at $1,162,000 after buying an additional 990 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.
Analyst Upgrades and Downgrades
UL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Unilever in a report on Thursday, September 24th. TD Cowen dropped their price target on Unilever from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating on shares of Unilever in a research note on Tuesday, July 28th. Weiss Ratings raised Unilever from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Finally, Sanford C. Bernstein reaffirmed 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 given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $68.37.
Check Out Our Latest Analysis on Unilever
Unilever Stock Performance
UL opened at $64.63 on Friday. The business has a fifty day moving average of $62.76 and a 200 day moving average of $60.42. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97.
Unilever (NYSE:UL – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The business had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $14.80 billion. On average, analysts expect that Unilever PLC will post 3.57 EPS for the current fiscal 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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