Unilever PLC $UL Stock: Sanders Capital LLC Trims Position

Sanders Capital LLC lowered its holdings in Unilever PLC (NYSE:UL) by 3.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 227,515 shares of the company’s stock after selling 7,920 shares during the quarter. Sanders Capital LLC’s holdings in Unilever were worth $13,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of UL. Genesis Private Wealth LLC lifted its position in shares of Unilever by 11.0% during the third quarter. Genesis Private Wealth LLC now owns 4,650 shares of the company’s stock worth $282,000 after acquiring an additional 461 shares in the last quarter. Quadcap Wealth Management LLC boosted its holdings in shares of Unilever by 5.5% in the third quarter. Quadcap Wealth Management LLC now owns 31,443 shares of the company’s stock worth $1,910,000 after acquiring an additional 1,638 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Unilever by 3.5% in the third quarter. Commonwealth Equity Services LLC now owns 298,853 shares of the company’s stock valued at $18,149,000 after purchasing an additional 10,197 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Unilever by 10.8% in the third quarter. Chicago Partners Investment Group LLC now owns 3,975 shares of the company’s stock valued at $263,000 after purchasing an additional 388 shares in the last quarter. Finally, Jmac Enterprises LLC purchased a new position in shares of Unilever in the third quarter valued at $200,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Trading Down 2.5%

Shares of Unilever stock traded down $1.72 during trading on Friday, hitting $65.99. The stock had a trading volume of 3,310,362 shares, compared to its average volume of 4,063,310. The business’s 50-day moving average is $63.50 and its 200 day moving average is $62.66. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97.

Analyst Upgrades and Downgrades

UL has been the topic of a number of recent research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Unilever in a report on Tuesday, July 28th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Unilever in a report on Wednesday, September 30th. Weiss Ratings upgraded Unilever from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, TD Cowen cut their price objective on shares of Unilever from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $68.37.

About Unilever

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann’s and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods.

The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.

Headquartered in London, Unilever operates as a UK-based public company.