Unilever PLC $UL Shares Sold by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC reduced its Unilever stake by 22.6% in the third quarter, selling 24,415 shares and retaining 83,846 shares valued at approximately $5.1 million.
• Several institutional investors increased their positions, while institutional ownership overall stood at 9.67% of Unilever’s outstanding stock.
• Unilever shares opened at $62.23, near the analyst consensus target of $65.55. Analyst sentiment was mixed, with an overall “Hold” rating despite several “Buy” recommendations.

Farther Finance Advisors LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 22.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,846 shares of the company's stock after selling 24,415 shares during the period. Farther Finance Advisors LLC's holdings in Unilever were worth $5,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of America Corp DE grew its position in Unilever by 16.4% in the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company's stock valued at $379,501,000 after buying an additional 937,346 shares in the last quarter. Royal Bank of Canada raised 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 buying an additional 406,610 shares in the last quarter. Hamlin Capital Management LLC lifted its stake in shares of Unilever by 11.6% in the 2nd quarter. Hamlin Capital Management LLC now owns 2,722,721 shares of the company's stock worth $163,690,000 after acquiring an additional 282,076 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Unilever by 674.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company's stock worth $159,208,000 after acquiring an additional 2,433,625 shares during the period. Finally, Equity Investment Corp boosted its holdings in shares of Unilever by 2.4% in the second quarter. Equity Investment Corp now owns 1,996,952 shares of the company's stock valued at $120,057,000 after acquiring an additional 46,801 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Up 0.5%

NYSE UL opened at $62.23 on Friday. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97. The company's 50 day simple moving average is $62.80 and its 200 day simple moving average is $60.34.

Unilever (NYSE:UL - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($1.25). The company had revenue of $14.62 billion for the quarter, compared to analysts' expectations of $14.80 billion. On average, sell-side analysts anticipate that Unilever PLC will post 3.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Zacks Research upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. restated a "buy" rating on shares of Unilever in a research report on Thursday, September 24th. TD Cowen reaffirmed a "buy" rating on shares of Unilever in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "sell" rating on shares of Unilever in a research note on Tuesday, August 11th. Finally, Sanford C. Bernstein reiterated a "buy" rating on shares of Unilever in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $65.55.

Unilever Company Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann's and Magnum, although product availability varies by market.

The company's products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.

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