Martin Capital Partners LLC decreased its holdings in Unilever PLC (NYSE:UL - Free Report) by 59.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,709 shares of the company's stock after selling 53,044 shares during the quarter. Unilever accounts for approximately 2.5% of Martin Capital Partners LLC's investment portfolio, making the stock its 15th biggest holding. Martin Capital Partners LLC's holdings in Unilever were worth $2,081,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in Unilever by 7.1% during the third quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company's stock worth $1,086,547,000 after purchasing an additional 1,114,177 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Unilever by 66.4% during the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company's stock worth $195,881,000 after buying an additional 1,378,517 shares in the last quarter. Hamlin Capital Management LLC boosted its stake in shares of Unilever by 7.8% in the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company's stock worth $163,008,000 after buying an additional 207,549 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Unilever by 3.7% in the third quarter. Bank of Montreal Can now owns 1,812,164 shares of the company's stock valued at $118,588,000 after acquiring an additional 63,835 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of Unilever by 493.4% during the third quarter. Citigroup Inc. now owns 1,105,064 shares of the company's stock valued at $71,785,000 after acquiring an additional 918,841 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.
Unilever Trading Down 0.7 %
Unilever stock opened at $57.28 on Wednesday. The firm has a 50 day simple moving average of $57.43 and a 200 day simple moving average of $60.39. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.
Wall Street Analyst Weigh In
Several research analysts have weighed in on UL shares. Sanford C. Bernstein raised Unilever from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. StockNews.com downgraded shares of Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Erste Group Bank reaffirmed a "hold" rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada downgraded shares of Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Unilever presently has a consensus rating of "Hold" and a consensus target price of $61.75.
Get Our Latest Stock Analysis on Unilever
Unilever Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever PLC (NYSE:UL - Free Report).
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