Unilever PLC $UL Stake Lessened by Pinkerton Wealth LLC

Pinkerton Wealth LLC lowered its holdings in Unilever PLC (NYSE:UL) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,152 shares of the company’s stock after selling 9,669 shares during the period. Pinkerton Wealth LLC’s holdings in Unilever were worth $5,177,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of UL. Elyxium Wealth LLC purchased a new stake in shares of Unilever in the fourth quarter valued at $25,000. Palisade Asset Management LLC purchased a new stake in shares of Unilever in the third quarter valued at $25,000. Asset Dedication LLC lifted its holdings in shares of Unilever by 108.8% in the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after purchasing an additional 248 shares in the last quarter. Global Wealth Strategies & Associates purchased a new stake in shares of Unilever during the fourth quarter worth $29,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Unilever during the third quarter worth $29,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 0.7%

Shares of NYSE:UL opened at $57.63 on Thursday. Unilever PLC has a 1 year low of $54.95 and a 1 year high of $74.97. The business has a fifty day simple moving average of $59.03 and a 200 day simple moving average of $64.64.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UL. Argus upgraded Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft lowered Unilever from a “buy” rating to a “hold” rating in a report on Monday, February 9th. Weiss Ratings lowered Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 31st. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $65.55.

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.