Tevis Investment Management Lowers Stake in Unilever PLC $UL

Tevis Investment Management decreased its holdings in Unilever PLC (NYSE:UL) by 12.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,405 shares of the company’s stock after selling 12,671 shares during the quarter. Unilever accounts for about 2.8% of Tevis Investment Management’s investment portfolio, making the stock its 8th largest position. Tevis Investment Management’s holdings in Unilever were worth $4,912,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in shares of Unilever during the 4th quarter worth $25,000. Financial Life Planners purchased a new stake in shares of Unilever in the 1st quarter worth $25,000. Palisade Asset Management LLC bought a new position in Unilever in the 3rd quarter worth $25,000. Bard Associates Inc. bought a new position in Unilever in the 4th quarter worth $27,000. Finally, Asset Dedication LLC lifted its position in Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after purchasing an additional 248 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Up 0.1%

NYSE:UL opened at $61.77 on Monday. The stock has a 50-day moving average price of $58.55 and a 200 day moving average price of $62.57. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97.

Analyst Upgrades and Downgrades

A number of analysts have commented on UL shares. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Zacks Research cut Unilever from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings downgraded shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Unilever presently has an average rating of “Hold” and an average price target of $65.55.

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.