Unilever PLC $UL Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Unilever PLC (NYSE:UL) by 41.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 19,554 shares of the company’s stock after selling 13,568 shares during the quarter. SG Americas Securities LLC’s holdings in Unilever were worth $1,114,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UL. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Unilever in the 4th quarter valued at about $268,704,000. Wellington Management Group LLP increased its stake in shares of Unilever by 9.3% during 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 acquiring an additional 2,935,227 shares during the last quarter. Norges Bank purchased a new position in shares of Unilever during the 4th quarter worth about $132,027,000. Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Unilever during the 3rd quarter worth about $82,461,000. Finally, Federated Hermes Inc. boosted its position in shares of Unilever by 944.7% in the fourth quarter. Federated Hermes Inc. now owns 1,417,108 shares of the company’s stock worth $92,679,000 after acquiring an additional 1,281,465 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Zacks Research cut shares of Unilever from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $65.55.

Unilever Stock Up 0.1%

NYSE UL opened at $62.52 on Friday. Unilever PLC has a 1-year low of $54.75 and a 1-year high of $74.97. The business’s 50-day simple moving average is $58.13 and its 200-day simple moving average is $62.70.

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.