Diversified Management Inc. Has $387,000 Stake in Unilever PLC $UL

Diversified Management Inc. lowered its holdings in Unilever PLC (NYSE:UL) by 82.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,436 shares of the company’s stock after selling 31,043 shares during the period. Diversified Management Inc.’s holdings in Unilever were worth $387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Salvus Wealth Management LLC grew its position in Unilever by 29.6% during the second quarter. Salvus Wealth Management LLC now owns 18,427 shares of the company’s stock worth $1,108,000 after buying an additional 4,212 shares in the last quarter. Community Financial Services Group LLC increased its stake in Unilever by 11.6% during the 2nd quarter. Community Financial Services Group LLC now owns 3,543 shares of the company’s stock worth $216,000 after acquiring an additional 368 shares during the period. Fulton Bank N.A. raised its holdings in Unilever by 0.8% in the 2nd quarter. Fulton Bank N.A. now owns 34,531 shares of the company’s stock valued at $2,076,000 after acquiring an additional 290 shares in the last quarter. Harrell Investment Partners LLC raised its holdings in Unilever by 23.7% in the 2nd quarter. Harrell Investment Partners LLC now owns 14,898 shares of the company’s stock valued at $896,000 after acquiring an additional 2,854 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its position in shares of Unilever by 14.9% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 5,642 shares of the company’s stock valued at $339,000 after acquiring an additional 731 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on UL shares. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. TD Cowen reaffirmed a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Finally, Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $65.55.

Unilever Price Performance

NYSE UL opened at $62.33 on Wednesday. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97. The business’s fifty day moving average is $60.89 and its 200 day moving average is $62.26.

Unilever 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.