Northstar Asset Management Inc. Has $4.19 Million Position in Unilever PLC $UL

Key Points

• Northstar Asset Management reduced its Unilever position by 27% in the second quarter, selling 25,767 shares and retaining 69,659 shares valued at approximately $4.19 million.
• Other major institutional investors increased their Unilever holdings, while institutions and hedge funds collectively own 9.67% of the company’s stock.
• Unilever shares opened at $65.12, near the analyst consensus target of $65.55. Analysts’ overall rating is “Hold,” following quarterly earnings that missed consensus estimates on both earnings per share and revenue.

Northstar Asset Management Inc. cut its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 27.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,659 shares of the company's stock after selling 25,767 shares during the quarter. Unilever makes up 1.2% of Northstar Asset Management Inc.'s portfolio, making the stock its 24th largest position. Northstar Asset Management Inc.'s holdings in Unilever were worth $4,188,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UL. Bank of America Corp DE raised its holdings in Unilever by 16.4% during the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company's stock worth $379,501,000 after acquiring an additional 937,346 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Unilever in the fourth quarter valued at approximately $268,704,000. Raymond James Financial Inc. increased its position in shares of Unilever by 9.8% during the 4th quarter. Raymond James Financial Inc. now owns 3,616,603 shares of the company's stock worth $236,526,000 after purchasing an additional 323,393 shares during the last quarter. Royal Bank of Canada increased its position in shares of Unilever by 13.6% during the 1st quarter. Royal Bank of Canada now owns 3,403,807 shares of the company's stock worth $193,915,000 after purchasing an additional 406,610 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Unilever by 44.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company's stock worth $200,625,000 after purchasing an additional 942,286 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of UL stock opened at $65.12 on Friday. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The firm has a 50 day moving average price of $62.44 and a two-hundred day moving average price of $61.85.

Unilever (NYSE:UL - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The firm had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $14.80 billion. As a group, equities analysts anticipate that Unilever PLC will post 3.51 EPS for the current year.

Wall Street Analyst Weigh In

UL has been the subject of several analyst reports. TD Cowen reissued a "buy" rating on shares of Unilever in a research note on Wednesday, July 29th. Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a research report on Monday, July 6th. Weiss Ratings upgraded shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Finally, Zacks Research raised shares of Unilever from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $65.55.

About Unilever

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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