Destination Wealth Management Has $8 Million Position in Unilever PLC $UL

Destination Wealth Management reduced its position in shares of Unilever PLC (NYSE:UL) by 8.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 122,372 shares of the company’s stock after selling 11,356 shares during the period. Destination Wealth Management’s holdings in Unilever were worth $8,003,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Elyxium Wealth LLC purchased a new position in shares of Unilever during the 4th quarter valued at $25,000. Palisade Asset Management LLC purchased a new position in shares of Unilever during the 3rd quarter valued at $25,000. Bard Associates Inc. purchased a new position in shares of Unilever during the 4th quarter valued at $27,000. Asset Dedication LLC grew its holdings in shares of Unilever by 108.8% during the 3rd quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after acquiring an additional 248 shares in the last quarter. Finally, Global Wealth Strategies & Associates purchased a new position in shares of Unilever during the 4th quarter valued at $29,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on UL shares. Argus upgraded shares of Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Monday, May 18th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Kepler Capital Markets cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $65.55.

Unilever Trading Up 1.0%

Shares of NYSE:UL opened at $58.92 on Friday. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97. The firm has a fifty day moving average price of $57.39 and a 200 day moving average price of $63.37.

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.