Fifth Third Bancorp trimmed its holdings in shares of Unilever PLC (NYSE:UL – Free Report) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,822 shares of the company’s stock after selling 843 shares during the period. Fifth Third Bancorp’s holdings in Unilever were worth $1,226,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Quilter Plc bought a new stake in shares of Unilever in the 1st quarter valued at about $244,998,000. Fortis Capital Advisors LLC bought a new stake in shares of Unilever in the 4th quarter valued at about $26,000. Barrett & Company Inc. raised its holdings in shares of Unilever by 51.5% in the 3rd quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock valued at $30,000 after purchasing an additional 206 shares during the period. Covestor Ltd raised its holdings in shares of Unilever by 204.6% in the 1st quarter. Covestor Ltd now owns 667 shares of the company’s stock valued at $30,000 after purchasing an additional 448 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of Unilever in the 1st quarter valued at about $38,000. 9.94% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on UL shares. Bank of America started coverage on shares of Unilever in a report on Wednesday, October 11th. They issued an “underperform” rating on the stock. Sanford C. Bernstein raised shares of Unilever from an “underperform” rating to a “market perform” rating in a report on Monday, December 11th. Jefferies Financial Group cut shares of Unilever from a “buy” rating to an “underperform” rating in a report on Monday, December 11th. Barclays raised shares of Unilever from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 9th. Finally, StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Unilever Price Performance
Unilever stock opened at $47.17 on Friday. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $55.99. The company’s 50-day moving average price is $48.07 and its two-hundred day moving average price is $49.53.
Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products, which includes the vitamins, minerals, and supplements.
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