Cary Street Partners Financial LLC Sells 16,490 Shares of Unilever PLC $UL

Cary Street Partners Financial LLC lessened its stake in shares of Unilever PLC (NYSE:UL) by 10.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 134,145 shares of the company’s stock after selling 16,490 shares during the period. Cary Street Partners Financial LLC’s holdings in Unilever were worth $8,773,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Natixis Advisors LLC grew its holdings in Unilever by 3.1% during the third quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock valued at $73,950,000 after purchasing an additional 37,630 shares during the period. Evergreen Capital Management LLC grew its holdings in Unilever by 160.8% during the fourth quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock valued at $5,375,000 after purchasing an additional 50,682 shares during the period. DAVENPORT & Co LLC grew its holdings in Unilever by 37.3% during the fourth quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock valued at $5,127,000 after purchasing an additional 21,313 shares during the period. Cullen Investment Group LTD. bought a new stake in Unilever during the fourth quarter valued at about $5,003,000. Finally, HF Advisory Group LLC grew its holdings in Unilever by 1,135.3% during the fourth quarter. HF Advisory Group LLC now owns 388,355 shares of the company’s stock valued at $25,398,000 after purchasing an additional 356,918 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of Unilever stock opened at $57.33 on Tuesday. Unilever PLC has a 52 week low of $54.95 and a 52 week high of $74.97. The stock’s 50-day simple moving average is $58.56 and its 200-day simple moving average is $64.41.

Analysts Set New Price Targets

UL has been the topic of several research analyst reports. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Argus upgraded Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings downgraded Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Unilever has an average 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.