Allspring Global Investments Holdings LLC Sells 166,507 Shares of Unilever PLC $UL

Key Points

• Allspring Global Investments Holdings cut its Unilever stake by 10.5% in the first quarter, selling 166,507 shares and leaving it with 1,412,236 shares valued at about $79.2 million.
• Other institutional investors have also been active in Unilever, with several new positions reported; overall, institutional ownership stands at 9.67% of the company.
• Unilever shares recently traded at $62.35, and analyst sentiment is mixed, with an average rating of Hold and an average target price of $65.55.

Allspring Global Investments Holdings LLC reduced its position in shares of Unilever PLC (NYSE:UL - Free Report) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,412,236 shares of the company's stock after selling 166,507 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Unilever worth $79,170,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in UL. Elyxium Wealth LLC acquired a new position in shares of Unilever in the fourth quarter valued at approximately $25,000. Bard Associates Inc. bought a new stake in Unilever in the 4th quarter valued at $27,000. Palisade Asset Management LLC acquired a new position in Unilever in the 3rd quarter valued at $25,000. Financial Life Planners acquired a new position in Unilever in the 1st quarter valued at $25,000. Finally, Global Wealth Strategies & Associates bought a new position in Unilever during the 4th quarter worth $29,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Price Performance

Shares of NYSE UL opened at $62.35 on Friday. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97. The firm has a fifty day simple moving average of $58.85 and a 200 day simple moving average of $62.45.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UL. Royal Bank Of Canada raised shares of Unilever from an "underperform" rating to a "sector perform" rating in a report on Tuesday, April 21st. DZ Bank raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 8th. Zacks Research downgraded shares of Unilever from a "hold" rating to a "strong sell" rating in a research report on Monday, June 29th. Weiss Ratings cut Unilever from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, May 29th. Finally, Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $65.55.

Unilever Profile

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever's corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever's business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.

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