World Investment Advisors Decreases Stock Holdings in Unilever PLC $UL

World Investment Advisors trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,714 shares of the company’s stock after selling 776 shares during the quarter. World Investment Advisors’ holdings in Unilever were worth $4,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Unilever during the first quarter valued at approximately $30,000. Brentview Investment Management LLC purchased a new stake in Unilever in the first quarter worth $33,000. Richardson Financial Services Inc. increased its position in Unilever by 209.0% in the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after buying an additional 418 shares during the last quarter. Financial Connections Group Inc. purchased a new stake in Unilever in the second quarter worth $39,000. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Unilever in the second quarter worth $55,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on UL. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a research report on Wednesday, October 8th. Zacks Research downgraded Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, CICC Research assumed coverage on Unilever in a report on Thursday, August 21st. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Unilever has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Unilever Price Performance

Shares of Unilever stock opened at $60.97 on Thursday. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.66. The company’s 50-day moving average price is $61.59 and its 200-day moving average price is $61.86.

About Unilever

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.