Sequoia Financial Advisors LLC Sells 9,434 Shares of Unilever PLC $UL

Sequoia Financial Advisors LLC lowered its stake in Unilever PLC (NYSE:UL) by 21.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,743 shares of the company’s stock after selling 9,434 shares during the period. Sequoia Financial Advisors LLC’s holdings in Unilever were worth $2,089,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UL. Cornerstone Wealth Management LLC increased its holdings in shares of Unilever by 3.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,036 shares of the company’s stock valued at $264,000 after acquiring an additional 151 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC lifted its holdings in Unilever by 3.2% in the 1st quarter. Blake Schutter Theil Wealth Advisors LLC now owns 5,754 shares of the company’s stock worth $328,000 after purchasing an additional 180 shares during the last quarter. Capital Analysts LLC boosted its position in Unilever by 5.3% during the second quarter. Capital Analysts LLC now owns 3,748 shares of the company’s stock worth $225,000 after purchasing an additional 187 shares during the period. HBK Sorce Advisory LLC boosted its position in Unilever by 3.1% during the second quarter. HBK Sorce Advisory LLC now owns 6,191 shares of the company’s stock worth $399,000 after purchasing an additional 187 shares during the period. Finally, Cohen Investment Advisors LLC grew its holdings in Unilever by 2.9% during the first quarter. Cohen Investment Advisors LLC now owns 6,753 shares of the company’s stock valued at $385,000 after purchasing an additional 192 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of Unilever stock opened at $63.60 on Tuesday. The firm has a fifty day moving average price of $63.09 and a two-hundred day moving average price of $61.02. Unilever PLC has a fifty-two week low of $54.75 and a fifty-two week high of $74.97.

Unilever (NYSE:UL) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($1.25). The firm had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. As a group, analysts expect that Unilever PLC will post 3.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Cowen reissued a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Finally, Zacks Research upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $65.55.

Unilever Profile

Unilever PLC is a global consumer goods company that develops, markets and sells products across beauty and wellbeing, personal care, home care and foods. Its portfolio includes well-known brands such as Dove, Vaseline, Axe, TRESemmé, Sunsilk, Hellmann’s, Knorr, Cif, Domestos and OMO or Persil, depending on the market.

The company serves consumers in markets around the world, with products distributed through retail stores, e-commerce platforms and other channels. Its offerings include skin and hair care, deodorants, oral care, household cleaning products, dressings, condiments, soups and cooking products.

Unilever was created in 1929 through the combination of Margarine Unie, a Dutch margarine producer, and Lever Brothers, a British soap maker.