Sequoia Financial Advisors LLC lowered its holdings in Unilever N.V. (NYSE:UL) by 12.8% in the second quarter, Holdings Channel.com reports. The firm owned 4,202 shares of the company’s stock after selling 616 shares during the period. Sequoia Financial Advisors LLC’s holdings in Unilever were worth $260,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in UL. Cambridge Trust Co. raised its holdings in shares of Unilever by 3.5% during the second quarter. Cambridge Trust Co. now owns 163,060 shares of the company’s stock worth $10,105,000 after acquiring an additional 5,532 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of Unilever during the first quarter worth $222,000. Parsons Capital Management Inc. RI raised its holdings in shares of Unilever by 1.4% during the first quarter. Parsons Capital Management Inc. RI now owns 36,997 shares of the company’s stock worth $2,135,000 after acquiring an additional 523 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Unilever by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 315,740 shares of the company’s stock worth $18,225,000 after acquiring an additional 4,050 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Unilever by 22.9% during the first quarter. Rockefeller Capital Management L.P. now owns 10,404 shares of the company’s stock worth $601,000 after acquiring an additional 1,940 shares in the last quarter. Institutional investors own 7.03% of the company’s stock.
NYSE UL traded up $0.13 during trading on Wednesday, hitting $59.62. 49,602 shares of the company traded hands, compared to its average volume of 839,240. Unilever N.V. has a 12 month low of $50.80 and a 12 month high of $64.10. The business’s fifty day simple moving average is $61.57. The company has a market cap of $68.78 billion, a P/E ratio of 21.53, a P/E/G ratio of 2.49 and a beta of 0.55.
Several brokerages recently issued reports on UL. DZ Bank lowered Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. HSBC began coverage on Unilever in a report on Friday, June 28th. They set a “hold” rating for the company. Finally, Credit Suisse Group upgraded Unilever from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $66.00.
Unilever Company Profile
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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