PNC Financial Services Group Inc. Sells 32,433 Shares of Unilever PLC $UL

PNC Financial Services Group Inc. lessened its holdings in Unilever PLC (NYSE:UL) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 403,438 shares of the company’s stock after selling 32,433 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Unilever were worth $26,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of UL. Wellington Management Group LLP grew its stake in Unilever by 9.3% in the 3rd quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock valued at $2,054,973,000 after purchasing an additional 2,935,227 shares during the period. Thrivent Financial for Lutherans grew its stake in Unilever by 13,906.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,268,300 shares of the company’s stock valued at $134,465,000 after purchasing an additional 2,252,105 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new position in Unilever in the 3rd quarter valued at $82,461,000. Fisher Asset Management LLC grew its stake in Unilever by 4.4% in the 3rd quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock valued at $1,336,048,000 after purchasing an additional 959,269 shares during the period. Finally, Corient Private Wealth LLC grew its stake in Unilever by 78.8% in the 2nd quarter. Corient Private Wealth LLC now owns 1,933,422 shares of the company’s stock valued at $118,261,000 after purchasing an additional 852,099 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 0.7%

UL stock opened at $57.33 on Friday. Unilever PLC has a fifty-two week low of $54.95 and a fifty-two week high of $74.97. The stock has a fifty day moving average of $58.70 and a 200-day moving average of $64.52.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UL. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Kepler Capital Markets downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings downgraded Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. Finally, Argus upgraded Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Unilever currently has an average rating of “Hold” and an average target price of $65.55.

About Unilever

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.