Prosperity Consulting Group LLC Sells 2,514 Shares of Unilever PLC (NYSE:UL)

Prosperity Consulting Group LLC lessened its position in Unilever PLC (NYSE:UL) by 5.2% during the first quarter, Holdings Channel.com reports. The fund owned 45,794 shares of the company’s stock after selling 2,514 shares during the period. Prosperity Consulting Group LLC’s holdings in Unilever were worth $2,727,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UL. Norges Bank bought a new stake in Unilever in the 4th quarter worth $153,606,000. Clearbridge Investments LLC grew its holdings in Unilever by 140.1% in the 4th quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company’s stock worth $210,883,000 after acquiring an additional 2,170,242 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Unilever by 401.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,465,523 shares of the company’s stock worth $83,095,000 after acquiring an additional 1,173,298 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Unilever by 592.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,070,818 shares of the company’s stock worth $60,715,000 after acquiring an additional 916,246 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Unilever by 7,286.5% in the 1st quarter. GAMMA Investing LLC now owns 781,713 shares of the company’s stock worth $46,551,000 after acquiring an additional 771,130 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of recent analyst reports. BNP Paribas raised shares of Unilever to a “strong-buy” rating in a report on Thursday, May 29th. UBS Group raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Friday, May 2nd. BNP Paribas Exane initiated coverage on shares of Unilever in a research report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 target price for the company. Finally, Wall Street Zen cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Unilever currently has an average rating of “Moderate Buy” and a consensus price target of $72.50.

Unilever Price Performance

Shares of NYSE UL opened at $60.41 on Monday. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The stock has a market cap of $148.21 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 3.84 and a beta of 0.41. The firm has a 50-day moving average of $61.97 and a 200 day moving average of $60.14.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.