United States Steel & Carnegie Pension Fund lowered its position in shares of Unilever plc (NYSE:UL) by 43.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100,700 shares of the company’s stock after selling 861,150 shares during the period. Unilever plc comprises 1.6% of United States Steel & Carnegie Pension Fund’s investment portfolio, making the stock its 28th largest position. United States Steel & Carnegie Pension Fund’s holdings in Unilever plc were worth $54,309,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. increased its stake in Unilever plc by 12.2% in the first quarter. Carroll Financial Associates Inc. now owns 2,374 shares of the company’s stock worth $117,000 after buying an additional 258 shares in the last quarter. Hartford Financial Management Inc. increased its stake in Unilever plc by 143.7% in the first quarter. Hartford Financial Management Inc. now owns 2,476 shares of the company’s stock worth $122,000 after buying an additional 1,460 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in Unilever plc during the fourth quarter worth about $130,000. Intellectus Partners LLC bought a new stake in Unilever plc during the fourth quarter worth about $122,000. Finally, Chicago Partners Investment Group LLC bought a new stake in Unilever plc during the third quarter worth about $161,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.
Unilever plc (NYSE:UL) traded down 0.704% during mid-day trading on Friday, reaching $50.085. 1,259,860 shares of the company’s stock traded hands. Unilever plc has a 12-month low of $38.58 and a 12-month high of $51.12. The stock has a market capitalization of $142.23 billion, a PE ratio of 25.857 and a beta of 0.82. The stock has a 50-day moving average price of $49.54 and a 200-day moving average price of $43.83.
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A number of research firms have recently issued reports on UL. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever plc in a report on Tuesday, March 28th. Zacks Investment Research downgraded shares of Unilever plc from a “buy” rating to a “hold” rating in a report on Thursday, December 22nd. Seaport Global Securities dropped their price objective on shares of Unilever plc from $28.00 to $26.00 in a report on Monday, April 3rd. Barclays PLC downgraded shares of Unilever plc from an “overweight” rating to an “equal weight” rating in a report on Monday, January 23rd. Finally, Bank of America Corp raised shares of Unilever plc from an “underperform” rating to a “neutral” rating in a report on Monday, February 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Unilever plc presently has a consensus rating of “Hold” and an average price target of $36.00.
Unilever plc Company Profile
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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