Unilever PLC (NYSE:UL) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP lessened its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 271,963 shares of the company's stock after selling 9,258 shares during the quarter. Yacktman Asset Management LP's holdings in Unilever were worth $15,420,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Fisher Asset Management LLC raised its stake in shares of Unilever by 7.1% during the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company's stock worth $1,086,547,000 after buying an additional 1,114,177 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Unilever by 66.4% in the fourth quarter. Jennison Associates LLC now owns 3,454,686 shares of the company's stock valued at $195,881,000 after purchasing an additional 1,378,517 shares in the last quarter. Hamlin Capital Management LLC raised its position in shares of Unilever by 7.8% during the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company's stock worth $163,008,000 after purchasing an additional 207,549 shares during the last quarter. Bank of Montreal Can lifted its stake in Unilever by 3.7% in the 3rd quarter. Bank of Montreal Can now owns 1,812,164 shares of the company's stock valued at $118,588,000 after buying an additional 63,835 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Unilever by 493.4% during the 3rd quarter. Citigroup Inc. now owns 1,105,064 shares of the company's stock valued at $71,785,000 after buying an additional 918,841 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Wall Street Analysts Forecast Growth

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

Unilever Stock Performance

NYSE:UL traded down $0.94 during trading hours on Friday, reaching $55.02. 1,705,580 shares of the company were exchanged, compared to its average volume of 2,606,319. The stock has a 50 day simple moving average of $57.21 and a 200 day simple moving average of $60.35. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

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.