Unilever PLC $UL Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. lessened its stake in shares of Unilever PLC (NYSE:UL) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 130,115 shares of the company’s stock after selling 15,852 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Unilever were worth $8,510,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Natixis Advisors LLC lifted its stake in Unilever by 3.1% during the third quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock worth $73,950,000 after purchasing an additional 37,630 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Unilever by 160.8% during the fourth quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock worth $5,375,000 after purchasing an additional 50,682 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in Unilever by 37.3% during the fourth quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock worth $5,127,000 after purchasing an additional 21,313 shares during the last quarter. Cullen Investment Group LTD. bought a new stake in Unilever during the fourth quarter worth about $5,003,000. Finally, Wellington Management Group LLP lifted its stake in Unilever by 9.3% during the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after purchasing an additional 2,935,227 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UL. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Weiss Ratings downgraded Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Kepler Capital Markets downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Trading Up 2.9%

UL opened at $56.66 on Friday. The business’s 50-day moving average price is $57.44 and its 200-day moving average price is $63.68. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97.

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.