Portland Global Advisors LLC Sells 9,245 Shares of Unilever PLC $UL

Portland Global Advisors LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 97,512 shares of the company’s stock after selling 9,245 shares during the quarter. Portland Global Advisors LLC’s holdings in Unilever were worth $6,377,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new position in Unilever during the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new position in Unilever during the third quarter valued at approximately $25,000. Global Wealth Strategies & Associates purchased a new position in Unilever during the fourth quarter valued at approximately $29,000. Asset Dedication LLC increased its holdings in Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after buying an additional 248 shares during the period. Finally, Financial Life Planners purchased a new position in Unilever during the third quarter valued at approximately $30,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Down 1.0%

NYSE UL opened at $56.49 on Friday. The firm’s fifty day simple moving average is $57.98 and its two-hundred day simple moving average is $64.11. Unilever PLC has a 12-month low of $54.95 and a 12-month high of $74.97.

Analysts Set New Price Targets

Several brokerages recently issued reports on UL. Deutsche Bank Aktiengesellschaft lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Monday, February 9th. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Weiss Ratings lowered shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. Finally, Argus raised shares of Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.55.

Unilever Company Profile

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.