Ritholtz Wealth Management Sells 12,917 Shares of Unilever PLC $UL

Ritholtz Wealth Management lessened its stake in shares of Unilever PLC (NYSE:UL) by 28.3% during the first quarter, Holdings Channel reports. The fund owned 32,713 shares of the company’s stock after selling 12,917 shares during the quarter. Ritholtz Wealth Management’s holdings in Unilever were worth $1,864,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Elyxium Wealth LLC bought a new stake in Unilever in the fourth quarter valued at $25,000. Palisade Asset Management LLC bought a new position in shares of Unilever during the 3rd quarter worth about $25,000. Bard Associates Inc. bought a new position in shares of Unilever during the 4th quarter worth about $27,000. Asset Dedication LLC grew its stake in shares of Unilever by 108.8% in the 3rd 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, Global Wealth Strategies & Associates acquired a new stake in shares of Unilever in the 4th quarter valued at about $29,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UL shares. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Weiss Ratings cut Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Argus upgraded Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.55.

Unilever Price Performance

NYSE:UL opened at $60.62 on Friday. Unilever PLC has a one year low of $54.75 and a one year high of $74.97. The firm has a 50-day moving average of $57.75 and a 200-day moving average of $62.79.

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.