Parsons Capital Management Inc. RI Grows Stock Holdings in Unilever PLC (NYSE:UL)

Parsons Capital Management Inc. RI increased its holdings in Unilever PLC (NYSE:UL - Free Report) by 367.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,809 shares of the company's stock after buying an additional 25,795 shares during the period. Parsons Capital Management Inc. RI's holdings in Unilever were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Unilever in the 3rd quarter valued at $35,000. Jamison Private Wealth Management Inc. grew its position 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 acquiring an additional 405 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Unilever in the third quarter worth about $40,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Unilever in the 4th quarter valued at approximately $40,000. Finally, Coastline Trust Co bought a new stake in shares of Unilever during the 3rd quarter valued at approximately $48,000. 9.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on UL. 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. Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. StockNews.com downgraded Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Erste Group Bank reissued a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $61.75.

Unilever Trading Down 1.0 %

NYSE:UL traded down $0.61 during mid-day trading on Tuesday, hitting $57.52. 2,911,766 shares of the company's stock were exchanged, compared to its average volume of 2,475,545. The business has a fifty day moving average price of $57.51 and a 200 day moving average price of $60.39. Unilever PLC has a one year low of $46.46 and a one year 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.