Unilever PLC (NYSE:UL) Shares Sold by Motco

Key Points

• Motco has reduced its stake in Unilever PLC by 11.0%, now holding 73,341 shares valued at approximately $4.37 million.
• A number of institutional investors have recently made moves regarding Unilever, with 9.67% of the stock currently owned by hedge funds and other institutional investors.
• Analysts have mixed ratings on Unilever, with a consensus rating of "Moderate Buy" and an average target price of $72.50.

Motco reduced its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 11.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 73,341 shares of the company's stock after selling 9,078 shares during the period. Motco's holdings in Unilever were worth $4,367,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of UL. Vermillion Wealth Management Inc. bought a new stake in shares of Unilever during the fourth quarter worth $30,000. Richardson Financial Services Inc. lifted its holdings in Unilever by 209.0% during the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock valued at $37,000 after buying an additional 418 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Unilever in the 4th quarter valued at about $39,000. Accredited Wealth Management LLC purchased a new stake in Unilever in the 4th quarter valued at about $43,000. Finally, Greenline Partners LLC bought a new position in Unilever in the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UL. BNP Paribas Exane initiated coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target for the company. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, BNP Paribas raised shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Unilever presently has an average rating of "Moderate Buy" and a consensus price target of $72.50.

Unilever Price Performance

Unilever stock traded down $1.21 during trading hours on Monday, reaching $59.22. The stock had a trading volume of 1,823,132 shares, compared to its average volume of 1,953,952. The company has a market cap of $145.30 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 3.84 and a beta of 0.41. The business's 50 day moving average price is $61.97 and its 200-day moving average price is $60.14. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.87.

About Unilever

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.