Everett Harris & Co. CA Lowers Stake in Unilever PLC $UL

Everett Harris & Co. CA reduced its stake in shares of Unilever PLC (NYSE:UL) by 11.1% in the fourth quarter, Holdings Channel reports. The firm owned 1,419,887 shares of the company’s stock after selling 176,585 shares during the period. Unilever accounts for approximately 1.1% of Everett Harris & Co. CA’s holdings, making the stock its 19th largest position. Everett Harris & Co. CA’s holdings in Unilever were worth $92,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in Unilever in the fourth quarter worth about $25,000. Palisade Asset Management LLC purchased a new stake in Unilever in the third quarter worth about $25,000. Asset Dedication LLC lifted its stake in Unilever by 108.8% in the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after acquiring an additional 248 shares during the period. Global Wealth Strategies & Associates purchased a new stake in Unilever in the fourth quarter worth about $29,000. Finally, FNY Investment Advisers LLC purchased a new stake in Unilever in the third quarter worth about $29,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

UL opened at $56.10 on Tuesday. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97. The firm’s 50-day moving average price is $57.36 and its 200-day moving average price is $63.58.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Argus raised shares of Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Kepler Capital Markets lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings lowered shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.