Modera Wealth Management LLC Sells 8,786 Shares of Unilever PLC $UL

Modera Wealth Management LLC trimmed its position in Unilever PLC (NYSE:UL) by 4.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,542 shares of the company’s stock after selling 8,786 shares during the quarter. Modera Wealth Management LLC’s holdings in Unilever were worth $10,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UL. Brighton Jones LLC raised its stake in shares of Unilever by 5.4% during the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock worth $599,000 after buying an additional 539 shares during the last quarter. AQR Capital Management LLC boosted its stake in Unilever by 4.7% in the first quarter. AQR Capital Management LLC now owns 35,007 shares of the company’s stock valued at $2,085,000 after acquiring an additional 1,587 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Unilever by 39.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 15,848 shares of the company’s stock worth $969,000 after acquiring an additional 4,501 shares during the period. Qube Research & Technologies Ltd grew its holdings in Unilever by 70.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 378,313 shares of the company’s stock worth $23,141,000 after acquiring an additional 156,404 shares during the period. Finally, Sei Investments Co. raised its position in shares of Unilever by 17.4% during the 2nd 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 during the last quarter. 9.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of analyst reports. Zacks Research downgraded Unilever from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Weiss Ratings cut Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Unilever presently has an average rating of “Hold” and a consensus price target of $65.55.

Unilever Stock Performance

UL opened at $62.35 on Friday. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97. The company has a fifty day simple moving average of $58.85 and a 200 day simple moving average of $62.45.

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.