Northside Capital Management LLC Sells 37,888 Shares of Unilever PLC $UL

Key Points

• Northside Capital Management reduced its Unilever stake by 27.8% in the second quarter, selling 37,888 shares and retaining 98,614 shares valued at approximately $5.93 million.
• Other institutional investors increased their positions, while institutional ownership of Unilever stands at 9.67%.
• Unilever shares opened at $62.33, near the 200-day moving average of $62.26. Analysts maintain a consensus “Hold” rating with an average price target of $65.55.

Northside Capital Management LLC trimmed its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 27.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 98,614 shares of the company's stock after selling 37,888 shares during the quarter. Northside Capital Management LLC's holdings in Unilever were worth $5,929,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Butensky & Cohen Financial Security Inc. increased its position in shares of Unilever by 3.3% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 86,756 shares of the company's stock valued at $5,216,000 after buying an additional 2,754 shares during the period. Cardinal Capital Management Inc. boosted its position in shares of Unilever by 6.3% in the second quarter. Cardinal Capital Management Inc. now owns 441,818 shares of the company's stock valued at $26,562,000 after acquiring an additional 26,101 shares during the period. Salvus Wealth Management LLC boosted its position in shares of Unilever by 29.6% in the second quarter. Salvus Wealth Management LLC now owns 18,427 shares of the company's stock valued at $1,108,000 after acquiring an additional 4,212 shares during the period. Community Financial Services Group LLC grew its stake in Unilever by 11.6% during the second quarter. Community Financial Services Group LLC now owns 3,543 shares of the company's stock valued at $216,000 after acquiring an additional 368 shares in the last quarter. Finally, Fulton Bank N.A. grew its stake in Unilever by 0.8% during the second quarter. Fulton Bank N.A. now owns 34,531 shares of the company's stock valued at $2,076,000 after acquiring an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Stock Down 0.8%

UL stock opened at $62.33 on Wednesday. The firm's fifty day moving average is $60.89 and its 200 day moving average is $62.26. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97.

Analyst Ratings Changes

UL has been the topic of several recent analyst reports. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a research note on Monday, July 6th. Weiss Ratings upgraded shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Royal Bank Of Canada raised shares of Unilever from an "underperform" rating to a "sector perform" rating in a report on Tuesday, April 21st. TD Cowen reiterated a "buy" rating on shares of Unilever in a research report on Wednesday, July 29th. Finally, Zacks Research raised Unilever from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $65.55.

Unilever Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source