Unilever PLC $UL Shares Sold by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC trimmed its stake in shares of Unilever PLC (NYSE:UL) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,518 shares of the company’s stock after selling 1,276 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Unilever were worth $2,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Unilever by 33.2% during the first quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company’s stock worth $55,668,000 after purchasing an additional 232,945 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Unilever by 13.9% during the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after purchasing an additional 3,421,054 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Unilever by 65.1% during the first quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company’s stock worth $13,821,000 after purchasing an additional 91,511 shares during the last quarter. Banco Santander S.A. boosted its holdings in shares of Unilever by 70.6% during the first quarter. Banco Santander S.A. now owns 15,030 shares of the company’s stock worth $895,000 after purchasing an additional 6,220 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Unilever by 7.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 211,767 shares of the company’s stock worth $12,996,000 after purchasing an additional 15,421 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of UL opened at $60.69 on Tuesday. The stock’s 50-day moving average is $61.46 and its two-hundred day moving average is $61.81. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.66.

Analyst Upgrades and Downgrades

UL has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a report on Wednesday, October 8th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Zacks Research downgraded Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, CICC Research initiated coverage on Unilever in a research report on Thursday, August 21st. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.00.

About Unilever

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.