Unilever PLC (NYSE:UL) Shares Sold by Beacon Financial Group

Beacon Financial Group trimmed its position in shares of Unilever PLC (NYSE:UL) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,586 shares of the company’s stock after selling 1,454 shares during the quarter. Beacon Financial Group’s holdings in Unilever were worth $3,662,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in shares of Unilever by 981.6% during the third quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock worth $134,868,000 after buying an additional 1,884,216 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Unilever by 7.1% in the third quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after buying an additional 1,114,177 shares in the last quarter. Citigroup Inc. boosted its position in Unilever by 493.4% during the third quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock worth $71,785,000 after acquiring an additional 918,841 shares during the last quarter. Icon Wealth Advisors LLC grew its stake in Unilever by 7,466.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock valued at $40,897,000 after acquiring an additional 621,248 shares in the last quarter. Finally, Canoe Financial LP acquired a new stake in Unilever in the 3rd quarter valued at about $23,488,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UL shares. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Stock Performance

NYSE:UL opened at $58.86 on Wednesday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The stock’s fifty day moving average is $57.30 and its two-hundred day moving average is $60.40.

Unilever 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.