Advisors Asset Management Inc. reduced its position in shares of Unilever PLC (NYSE:UL – Free Report) by 11.8% in the third quarter, HoldingsChannel.com reports. The firm owned 46,557 shares of the company’s stock after selling 6,250 shares during the period. Advisors Asset Management Inc.’s holdings in Unilever were worth $3,024,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. ST Germain D J Co. Inc. increased its stake in Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after acquiring an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Unilever in the 2nd quarter worth approximately $30,000. Webster Bank N. A. grew its position in Unilever by 54.3% during the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after purchasing an additional 217 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever during the 3rd quarter valued at $35,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.
Unilever Stock Up 1.7 %
Shares of UL stock opened at $58.61 on Friday. The stock’s 50-day moving average is $61.86 and its two-hundred day moving average is $59.60. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.
Unilever Increases Dividend
Analysts Set New Price Targets
Several analysts have recently commented on UL shares. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their price target for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.75.
Get Our Latest Stock Analysis on Unilever
Unilever Company Profile
Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. 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 consist of the vitamins, minerals, and supplements.
Featured Stories
- Five stocks we like better than Unilever
- Canada Bond Market Holiday: How to Invest and Trade
- Vertiv’s Cool Tech Makes Its Stock Red-Hot
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- MarketBeat Week in Review – 11/18 – 11/22
- Canadian Penny Stocks: Can They Make You Rich?
- 2 Finance Stocks With Competitive Advantages You Can’t Ignore
Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever PLC (NYSE:UL – Free Report).
Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.