Unilever PLC $UL Shares Sold by Kornitzer Capital Management Inc. KS

Key Points

• Kornitzer Capital Management cut its Unilever holdings by 45.2% in the third quarter, selling 70,077 shares and retaining 85,053 shares valued at about $5.17 million.
• Unilever shares opened at $65.99, above their 50-day and 200-day moving averages; the stock’s 12-month range was $54.75–$74.97.
• Analyst views were mixed, with a consensus rating of Hold and an average price target of $68.37.

Kornitzer Capital Management Inc. KS lessened its holdings in Unilever PLC (NYSE:UL - Free Report) by 45.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,053 shares of the company's stock after selling 70,077 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Unilever were worth $5,165,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its stake in shares of Unilever by 17.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,053 shares of the company's stock worth $64,000 after buying an additional 154 shares in the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Unilever by 4.4% in the 3rd quarter. Angeles Wealth Management LLC now owns 3,860 shares of the company's stock worth $234,000 after buying an additional 164 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Unilever by 2.6% in the 3rd quarter. Mather Group LLC. now owns 6,948 shares of the company's stock worth $422,000 after buying an additional 175 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC raised its position in shares of Unilever by 3.2% during the 1st quarter. Blake Schutter Theil Wealth Advisors LLC now owns 5,754 shares of the company's stock valued at $328,000 after buying an additional 180 shares in the last quarter. Finally, Capital Analysts LLC raised its position in shares of Unilever by 5.3% during the 2nd quarter. Capital Analysts LLC now owns 3,748 shares of the company's stock valued at $225,000 after buying an additional 187 shares in the last quarter. Institutional investors own 9.67% of the company's stock.

Unilever Price Performance

Shares of UL opened at $65.99 on Monday. The company's fifty day simple moving average is $63.50 and its 200-day simple moving average is $62.66. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Unilever in a report on Thursday, September 24th. Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a research note on Monday, October 12th. DZ Bank restated a "buy" rating on shares of Unilever in a research report on Wednesday, July 29th. Morningstar lowered Unilever to a "hold" rating in a research note on Thursday, July 30th. Finally, UBS Group reiterated a "sell" rating on shares of Unilever in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $68.37.

Unilever Profile

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann's and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods.

The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.

Headquartered in London, Unilever operates as a UK-based public company.

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