Beach Investment Counsel Inc. PA Sells 10,089 Shares of Unilever PLC (NYSE:UL)

Beach Investment Counsel Inc. PA lowered its stake in Unilever PLC (NYSE:UL) by 22.6% during the 4th quarter, Holdings Channel reports. The firm owned 34,552 shares of the company’s stock after selling 10,089 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in Unilever were worth $1,959,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its stake in shares of Unilever by 4.1% during the second quarter. Thrivent Financial for Lutherans now owns 13,538 shares of the company’s stock valued at $744,000 after purchasing an additional 536 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Unilever during the second quarter valued at approximately $594,000. Park Avenue Securities LLC lifted its position in Unilever by 2.9% during the third quarter. Park Avenue Securities LLC now owns 38,956 shares of the company’s stock valued at $2,531,000 after acquiring an additional 1,094 shares during the last quarter. GAMMA Investing LLC lifted its position in Unilever by 49.1% during the third quarter. GAMMA Investing LLC now owns 10,683 shares of the company’s stock valued at $694,000 after acquiring an additional 3,517 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its position in Unilever by 0.9% during the third quarter. Azzad Asset Management Inc. ADV now owns 73,564 shares of the company’s stock valued at $4,779,000 after acquiring an additional 669 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

UL stock opened at $57.54 on Tuesday. The firm’s fifty day moving average is $57.48 and its 200 day moving average is $60.39. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UL. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Three analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Unilever currently has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.