Unilever PLC $UL Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP decreased its position in shares of Unilever PLC (NYSE:UL) by 45.3% in the 3rd quarter, Holdings Channel reports. The fund owned 673,584 shares of the company’s stock after selling 557,605 shares during the quarter. Cooke & Bieler LP’s holdings in Unilever were worth $40,907,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in shares of Unilever in the first quarter worth about $25,000. Tompkins Financial Corp bought a new stake in shares of Unilever in the third quarter valued at approximately $27,000. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Unilever during the 3rd quarter valued at approximately $30,000. Whipplewood Advisors LLC purchased a new stake in shares of Unilever during the 1st quarter valued at approximately $29,000. Finally, Essential Partners LLC lifted its stake in shares of Unilever by 125.5% during the 1st quarter. Essential Partners LLC now owns 602 shares of the company’s stock valued at $34,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

NYSE:UL opened at $64.30 on Thursday. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97. The stock has a fifty day moving average of $62.98 and a 200 day moving average of $60.65.

Unilever (NYSE:UL) last posted its earnings results on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The company had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. Equities analysts predict that Unilever PLC will post 3.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UL. Royal Bank Of Canada reissued a “sector perform” rating on shares of Unilever in a report on Tuesday, July 28th. Zacks Research upgraded Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. UBS Group reaffirmed a “sell” rating on shares of Unilever in a report on Monday, August 3rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Unilever in a research report on Thursday, September 24th. Finally, Morningstar lowered Unilever to a “hold” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $68.37.

Unilever Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, markets and sells branded products used in households and personal care, with operations serving consumers across developed and emerging markets worldwide.

The company’s portfolio includes beauty and wellbeing products, personal care items, home care products, and foods and refreshments. Its brands include Dove, Vaseline, Axe, TRESemmé, Cif, OMO, Persil, Knorr, Hellmann’s and Ben & Jerry’s, although product offerings vary by market.

Unilever was formed in 1929 through the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie.