Meridian Wealth Management LLC Has $356,000 Position in Unilever PLC $UL

Meridian Wealth Management LLC lowered its stake in shares of Unilever PLC (NYSE:UL) by 89.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,440 shares of the company’s stock after selling 44,181 shares during the quarter. Meridian Wealth Management LLC’s holdings in Unilever were worth $356,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in UL. Natixis Advisors LLC boosted its holdings in shares of Unilever by 3.1% in the 3rd quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock valued at $73,950,000 after purchasing an additional 37,630 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Unilever by 160.8% in the 4th quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock valued at $5,375,000 after acquiring an additional 50,682 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Unilever by 37.3% in the 4th quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock valued at $5,127,000 after acquiring an additional 21,313 shares during the last quarter. Cullen Investment Group LTD. bought a new position in shares of Unilever in the 4th quarter valued at $5,003,000. Finally, HF Advisory Group LLC lifted its stake in shares of Unilever by 1,135.3% in the 4th quarter. HF Advisory Group LLC now owns 388,355 shares of the company’s stock valued at $25,398,000 after acquiring an additional 356,918 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on UL. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft cut Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Finally, Argus upgraded Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.55.

Unilever Stock Down 1.9%

Shares of UL opened at $56.27 on Friday. Unilever PLC has a 12 month low of $54.95 and a 12 month high of $74.97. The stock’s 50-day moving average price is $59.60 and its two-hundred day moving average price is $64.92.

Unilever (NYSE:UL) last announced its earnings results on Thursday, February 12th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.00). The business had revenue of $11.87 billion during the quarter, compared to analysts’ expectations of $31.39 billion. As a group, research analysts anticipate that Unilever PLC will post 3.54 earnings per share for the current fiscal year.

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.