Cullen Capital Management LLC Reduces Stock Holdings in Unilever PLC $UL

Cullen Capital Management LLC reduced its holdings in Unilever PLC (NYSE:UL) by 12.3% during the 4th quarter, Holdings Channel reports. The fund owned 2,186,791 shares of the company’s stock after selling 305,959 shares during the period. Unilever makes up about 1.6% of Cullen Capital Management LLC’s holdings, making the stock its 27th largest holding. Cullen Capital Management LLC’s holdings in Unilever were worth $143,016,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Wealthspire Advisors LLC boosted its holdings in shares of Unilever by 11.7% in the 4th quarter. Wealthspire Advisors LLC now owns 12,020 shares of the company’s stock valued at $786,000 after acquiring an additional 1,262 shares during the last quarter. Summit Financial LLC boosted its holdings in shares of Unilever by 5.4% in the 4th quarter. Summit Financial LLC now owns 5,644 shares of the company’s stock valued at $369,000 after acquiring an additional 288 shares during the last quarter. Livet Wealth LLC purchased a new stake in shares of Unilever in the 4th quarter valued at $300,000. Laurel Oak Wealth Management LLC purchased a new stake in shares of Unilever in the 4th quarter valued at $280,000. Finally, Leith Wheeler Investment Counsel Ltd. purchased a new stake in shares of Unilever in the 4th quarter valued at $665,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on UL shares. Weiss Ratings downgraded shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Argus raised shares of Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Kepler Capital Markets downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.55.

Unilever Price Performance

Shares of NYSE UL opened at $58.92 on Friday. The company’s fifty day moving average price is $57.39 and its 200 day moving average price is $63.37. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97.

Unilever Profile

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.