Northeast Investment Management Cuts Stock Holdings in Unilever PLC (NYSE:UL)

Northeast Investment Management cut its position in Unilever PLC (NYSE:UL - Free Report) by 25.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,328 shares of the company's stock after selling 4,508 shares during the period. Northeast Investment Management's holdings in Unilever were worth $756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. WCM Investment Management LLC boosted its stake in Unilever by 166.4% during the fourth quarter. WCM Investment Management LLC now owns 81,313 shares of the company's stock worth $4,615,000 after buying an additional 50,793 shares during the last quarter. Entropy Technologies LP purchased a new stake in Unilever in the fourth quarter valued at $1,810,000. Farmers & Merchants Investments Inc. raised its position in Unilever by 3.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company's stock valued at $320,000 after purchasing an additional 185 shares during the period. Apollon Wealth Management LLC raised its position in Unilever by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 40,580 shares of the company's stock valued at $2,301,000 after purchasing an additional 1,601 shares during the period. Finally, Byrne Asset Management LLC raised its position in Unilever by 45.2% in the fourth quarter. Byrne Asset Management LLC now owns 10,745 shares of the company's stock valued at $609,000 after purchasing an additional 3,345 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com downgraded Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Sanford C. Bernstein upgraded Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Royal Bank of Canada downgraded Unilever from a "sector perform" rating to an "underperform" rating in a report on Monday, January 6th. Finally, Erste Group Bank reissued a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $61.75.

Unilever Stock Up 0.3 %

Shares of UL stock traded up $0.17 during trading hours on Wednesday, hitting $59.09. The company's stock had a trading volume of 2,273,308 shares, compared to its average volume of 2,380,068. The business has a fifty day moving average of $57.29 and a 200-day moving average of $60.39. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

Unilever Company 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.