Unilever PLC $UL Stake Reduced by Beacon Pointe Advisors LLC

Key Points

• Beacon Pointe Advisors cut its Unilever stake by 50.1% in the second quarter, selling 50,847 shares and retaining 50,618 shares worth approximately $3.04 million.
• Unilever shares opened at $65.12, up 1.1%, while the company’s latest quarterly results missed expectations: EPS was $0.59 versus an estimated $1.84, and revenue was $14.62 billion versus $14.80 billion expected.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $65.55; institutional investors own 9.67% of the company.

Beacon Pointe Advisors LLC trimmed its holdings in Unilever PLC (NYSE:UL - Free Report) by 50.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,618 shares of the company's stock after selling 50,847 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Unilever were worth $3,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new position in Unilever in the fourth quarter worth approximately $25,000. Bard Associates Inc. acquired a new stake in shares of Unilever during the 4th quarter valued at $27,000. Palisade Asset Management LLC bought a new stake in shares of Unilever during the 3rd quarter worth $25,000. Financial Life Planners bought a new stake in shares of Unilever during the 1st quarter worth $25,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Unilever in the 1st quarter worth $29,000. Institutional investors own 9.67% of the company's stock.

Unilever Stock Up 1.1%

Shares of UL opened at $65.12 on Friday. The company's 50 day moving average price is $62.44 and its 200 day moving average price is $61.85. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97.

Unilever (NYSE:UL - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.84 by ($1.25). The business had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. As a group, equities research analysts anticipate that Unilever PLC will post 3.52 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research report on Monday, July 6th. Zacks Research raised Unilever from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. TD Cowen restated a "buy" rating on shares of Unilever in a report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target 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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