Modera Wealth Management LLC Lowers Position in Unilever PLC (NYSE:UL)

Modera Wealth Management LLC lowered its position in shares of Unilever PLC (NYSE:UL) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,427 shares of the company’s stock after selling 8,203 shares during the period. Modera Wealth Management LLC’s holdings in Unilever were worth $13,603,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UL. Mission Wealth Management LP increased its stake in shares of Unilever by 1.4% in the 1st quarter. Mission Wealth Management LP now owns 11,497 shares of the company’s stock worth $685,000 after purchasing an additional 159 shares in the last quarter. Essex Financial Services Inc. boosted its holdings in Unilever by 1.0% in the 1st quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock worth $967,000 after buying an additional 168 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Unilever by 0.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company’s stock valued at $1,280,000 after purchasing an additional 172 shares during the last quarter. Cardinal Capital Management boosted its holdings in shares of Unilever by 0.4% during the 1st quarter. Cardinal Capital Management now owns 39,953 shares of the company’s stock valued at $2,379,000 after purchasing an additional 176 shares during the last quarter. Finally, Trust Co. of Vermont boosted its holdings in shares of Unilever by 0.5% during the 1st quarter. Trust Co. of Vermont now owns 35,729 shares of the company’s stock valued at $2,128,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. BNP Paribas Exane assumed coverage on shares of Unilever in a research report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price objective on the stock. BNP Paribas raised shares of Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. Finally, UBS Group raised shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

Unilever Stock Up 0.2%

Shares of UL opened at $59.34 on Wednesday. The company has a market cap of $145.59 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87. The company has a 50 day moving average of $61.83 and a two-hundred day moving average of $60.16.

Unilever Company 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.