Kestra Private Wealth Services LLC Cuts Stake in Unilever PLC $UL

Kestra Private Wealth Services LLC cut its stake in shares of Unilever PLC (NYSE:UL) by 42.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,354 shares of the company’s stock after selling 11,994 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Unilever were worth $932,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UL. Brighton Jones LLC increased its stake in Unilever by 5.4% during the 4th quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock valued at $599,000 after purchasing an additional 539 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Unilever by 4.7% in the first quarter. AQR Capital Management LLC now owns 35,007 shares of the company’s stock worth $2,085,000 after buying an additional 1,587 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Unilever by 39.7% during the second quarter. Gamco Investors INC. ET AL now owns 15,848 shares of the company’s stock valued at $969,000 after buying an additional 4,501 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Unilever by 70.5% during the second quarter. Qube Research & Technologies Ltd now owns 378,313 shares of the company’s stock valued at $23,141,000 after buying an additional 156,404 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Unilever by 17.4% during the second quarter. Sei Investments Co. now owns 427,577 shares of the company’s stock valued at $26,155,000 after acquiring an additional 63,376 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the subject of a number of recent analyst reports. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, May 18th. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Zacks Research downgraded Unilever from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Weiss Ratings downgraded Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Unilever presently has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Stock Up 1.3%

NYSE:UL opened at $60.90 on Thursday. The company has a 50 day simple moving average of $57.92 and a two-hundred day simple moving average of $62.72. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97.

Unilever 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.