Unilever PLC $UL Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI lowered its stake in Unilever PLC (NYSE:UL) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,568,718 shares of the company’s stock after selling 589,483 shares during the quarter. Unilever comprises 1.8% of Fiduciary Management Inc. WI’s portfolio, making the stock its 21st largest position. Fiduciary Management Inc. WI’s holdings in Unilever were worth $167,994,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of UL. Wellington Management Group LLP grew its stake in shares of Unilever by 9.3% in the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock valued at $2,054,973,000 after buying an additional 2,935,227 shares in the last quarter. Norges Bank acquired a new stake in shares of Unilever in the fourth quarter valued at about $132,027,000. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Unilever in the third quarter valued at about $82,461,000. Fisher Asset Management LLC grew its stake in Unilever by 4.4% during the 3rd quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock valued at $1,336,048,000 after purchasing an additional 959,269 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in Unilever by 78.8% during the 2nd quarter. Corient Private Wealth LLC now owns 1,933,422 shares of the company’s stock valued at $118,261,000 after purchasing an additional 852,099 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Up 2.9%

NYSE:UL opened at $56.66 on Friday. The business’s 50 day moving average is $57.44 and its two-hundred day moving average is $63.68. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Kepler Capital Markets lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Argus upgraded Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Two equities research 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 given a Sell rating to the company. According to MarketBeat.com, Unilever currently 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.