Northeast Investment Management Decreases Stock Holdings in Unilever PLC (NYSE:UL)

Northeast Investment Management reduced its position in shares of Unilever PLC (NYSE:UL) by 25.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,328 shares of the company’s stock after selling 4,508 shares during the period. Northeast Investment Management’s holdings in Unilever were worth $756,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UL. Golden State Wealth Management LLC purchased a new position in shares of Unilever during the fourth quarter valued at approximately $26,000. Financial Life Planners bought a new stake in shares of Unilever during the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Unilever in the third quarter worth $35,000. Jamison Private Wealth Management Inc. raised its holdings in Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after purchasing an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Unilever in the 3rd quarter worth about $40,000. 9.67% of the stock is owned by institutional investors.

Unilever Price Performance

Shares of UL stock opened at $58.28 on Friday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The firm has a fifty day moving average price of $57.33 and a 200-day moving average price of $60.36.

Wall Street Analysts Forecast Growth

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

Unilever Company 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.