Cibc World Market Inc. Sells 192,553 Shares of Unilever PLC $UL

Cibc World Market Inc. reduced its position in shares of Unilever PLC (NYSE:UL) by 46.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 226,359 shares of the company’s stock after selling 192,553 shares during the quarter. Cibc World Market Inc.’s holdings in Unilever were worth $14,804,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Unilever by 9.3% during the 3rd quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after purchasing an additional 2,935,227 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Unilever by 4.4% during the 3rd quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock worth $1,336,048,000 after purchasing an additional 959,269 shares during the last quarter. Bank of America Corp DE raised its holdings in Unilever by 1.6% during the 3rd quarter. Bank of America Corp DE now owns 5,773,638 shares of the company’s stock worth $342,261,000 after purchasing an additional 91,049 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Unilever by 3.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,001,060 shares of the company’s stock worth $237,183,000 after purchasing an additional 133,776 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Unilever by 0.5% during the 3rd quarter. Raymond James Financial Inc. now owns 3,293,210 shares of the company’s stock worth $195,221,000 after purchasing an additional 17,763 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

Unilever stock opened at $56.66 on Friday. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97. The business has a 50-day moving average of $57.44 and a 200-day moving average of $63.68.

Analysts Set New Price Targets

Several analysts have weighed in on UL shares. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, May 18th. DZ Bank raised 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 report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft cut Unilever from a “buy” rating to a “hold” rating in a report on Monday, February 9th. Finally, Kepler Capital Markets cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Unilever presently 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.