Beach Investment Counsel Inc. PA Cuts Stock Holdings in Unilever PLC (NYSE:UL)

Beach Investment Counsel Inc. PA cut its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 22.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,552 shares of the company's stock after selling 10,089 shares during the quarter. Beach Investment Counsel Inc. PA's holdings in Unilever were worth $1,959,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of Unilever in the 4th quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever in the third quarter valued at $35,000. Jamison Private Wealth Management Inc. raised its stake in Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company's stock valued at $39,000 after buying an additional 405 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Unilever during the 3rd quarter worth about $40,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Unilever during the 4th quarter worth about $40,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Price Performance

Shares of NYSE:UL traded up $0.21 on Friday, reaching $58.28. The company's stock had a trading volume of 1,472,541 shares, compared to its average volume of 2,350,357. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The stock has a market capitalization of $144.41 billion, a P/E ratio of 16.84, a PEG ratio of 1.65 and a beta of 0.50. The stock's 50-day moving average is $57.36 and its two-hundred day moving average is $60.36.

Analyst Upgrades and Downgrades

UL has been the subject of several recent analyst reports. StockNews.com cut Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Erste Group Bank restated a "hold" rating on shares of Unilever in a report on Tuesday, November 19th. Royal Bank of Canada lowered shares of Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. Finally, Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Unilever has an average rating of "Hold" and an average target price of $61.75.

Unilever 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.