Unilever PLC $UL Position Decreased by M&T Bank Corp

M&T Bank Corp lowered its holdings in Unilever PLC (NYSE:UL) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 634,266 shares of the company’s stock after selling 14,335 shares during the period. M&T Bank Corp’s holdings in Unilever were worth $38,798,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Financial Connections Group Inc. acquired a new position in Unilever in the second quarter worth approximately $39,000. Golden State Wealth Management LLC lifted its position in shares of Unilever by 79.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 736 shares of the company’s stock valued at $45,000 after acquiring an additional 325 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of Unilever during the 2nd quarter worth $55,000. Quaker Wealth Management LLC grew its holdings in shares of Unilever by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 975 shares of the company’s stock worth $60,000 after acquiring an additional 1,950 shares during the last quarter. Finally, TFC Financial Management Inc. grew its holdings in shares of Unilever by 929.1% in the 2nd quarter. TFC Financial Management Inc. now owns 1,204 shares of the company’s stock worth $74,000 after acquiring an additional 1,087 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Price Performance

NYSE UL opened at $60.34 on Tuesday. The company has a 50 day simple moving average of $60.43 and a 200-day simple moving average of $61.41. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UL shares. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Wednesday, November 5th. Zacks Research lowered shares of Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Unilever in a report on Tuesday, November 25th. Finally, CICC Research assumed coverage on shares of Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.