Unilever PLC (NYSE:UL) Shares Sold by Beacon Financial Group

Beacon Financial Group lessened its position in shares of Unilever PLC (NYSE:UL) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,586 shares of the company’s stock after selling 1,454 shares during the quarter. Beacon Financial Group’s holdings in Unilever were worth $3,662,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Jennison Associates LLC lifted its position in Unilever by 981.6% during the third quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock valued at $134,868,000 after purchasing an additional 1,884,216 shares during the period. Fisher Asset Management LLC raised its stake in shares of Unilever by 7.1% during the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock valued at $1,086,547,000 after buying an additional 1,114,177 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Unilever by 493.4% in the 3rd quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock valued at $71,785,000 after buying an additional 918,841 shares during the period. Icon Wealth Advisors LLC boosted its stake in shares of Unilever by 7,466.0% in the third quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $40,897,000 after buying an additional 621,248 shares during the last quarter. Finally, Canoe Financial LP acquired a new stake in Unilever during the third quarter worth about $23,488,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

NYSE:UL opened at $58.86 on Wednesday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The company has a fifty day moving average of $57.30 and a two-hundred day moving average of $60.40.

Wall Street Analyst Weigh In

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

Unilever 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.