Smithbridge Asset Management Inc. DE Sells 57,183 Shares of Unilever PLC $UL

Smithbridge Asset Management Inc. DE lowered its position in shares of Unilever PLC (NYSE:UL) by 50.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,703 shares of the company’s stock after selling 57,183 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Unilever were worth $3,230,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fulton Bank N.A. boosted its position in shares of Unilever by 43.8% in the 1st quarter. Fulton Bank N.A. now owns 34,241 shares of the company’s stock worth $1,951,000 after purchasing an additional 10,435 shares during the last quarter. Financial Life Planners bought a new stake in Unilever during the 1st quarter worth approximately $25,000. Pathway Financial Advisers LLC raised its holdings in shares of Unilever by 9.7% during the first quarter. Pathway Financial Advisers LLC now owns 43,090 shares of the company’s stock worth $2,455,000 after acquiring an additional 3,804 shares during the period. Spinnaker Trust lifted its holdings in shares of Unilever by 13.7% in the first quarter. Spinnaker Trust now owns 7,899 shares of the company’s stock valued at $450,000 after purchasing an additional 951 shares in the last quarter. Finally, Capital Investment Counsel LLC lifted its stake in Unilever by 1.6% in the 1st quarter. Capital Investment Counsel LLC now owns 65,903 shares of the company’s stock valued at $3,754,000 after acquiring an additional 1,015 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UL has been the subject of a number of recent research reports. Zacks Research downgraded shares of Unilever from a “hold” rating to a “strong sell” rating in a research note on Monday. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Weiss Ratings lowered shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Finally, Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Stock Performance

UL stock opened at $60.90 on Thursday. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The company’s fifty day simple moving average is $57.92 and its 200 day simple moving average is $62.72.

Unilever Company Profile

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.