Everett Harris & Co. CA Lowers Position in Unilever PLC $UL

Everett Harris & Co. CA lessened its stake in Unilever PLC (NYSE:UL) by 11.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,419,887 shares of the company’s stock after selling 176,585 shares during the quarter. Unilever makes up about 1.1% of Everett Harris & Co. CA’s investment portfolio, making the stock its 19th largest position. Everett Harris & Co. CA owned about 0.07% of Unilever worth $92,861,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in Unilever by 9.3% in the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after purchasing an additional 2,935,227 shares during the last quarter. Fisher Asset Management LLC increased its position in Unilever by 4.4% in the third quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock worth $1,336,048,000 after purchasing an additional 959,269 shares during the last quarter. Bank of America Corp DE increased its position in Unilever by 1.6% in the third quarter. Bank of America Corp DE now owns 5,773,638 shares of the company’s stock worth $342,261,000 after purchasing an additional 91,049 shares during the last quarter. Raymond James Financial Inc. increased its position in Unilever by 0.5% in the third quarter. Raymond James Financial Inc. now owns 3,293,210 shares of the company’s stock worth $195,221,000 after purchasing an additional 17,763 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Unilever by 2.2% in the third quarter. American Century Companies Inc. now owns 2,642,973 shares of the company’s stock worth $156,675,000 after purchasing an additional 57,564 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UL. Deutsche Bank Aktiengesellschaft cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings cut shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Finally, Kepler Capital Markets cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Unilever has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Price Performance

Shares of UL opened at $56.10 on Tuesday. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The firm has a fifty day moving average price of $57.36 and a 200-day moving average price of $63.58.

About Unilever

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.