Unilever PLC $UL Stake Decreased by Saturna Capital Corp

Saturna Capital Corp decreased its stake in Unilever PLC (NYSE:UL) by 6.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 575,543 shares of the company’s stock after selling 37,095 shares during the quarter. Saturna Capital Corp’s holdings in Unilever were worth $37,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in Unilever by 9.3% in the 3rd quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after buying an additional 2,935,227 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Unilever by 4.4% during the third quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock worth $1,336,048,000 after acquiring an additional 959,269 shares in the last quarter. Bank of America Corp DE boosted its position in Unilever by 1.6% during the third quarter. Bank of America Corp DE now owns 5,773,638 shares of the company’s stock valued at $342,261,000 after purchasing an additional 91,049 shares during the last quarter. Raymond James Financial Inc. grew its stake in Unilever by 0.5% in the third quarter. Raymond James Financial Inc. now owns 3,293,210 shares of the company’s stock valued at $195,221,000 after purchasing an additional 17,763 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Unilever by 2.2% during the 3rd quarter. American Century Companies Inc. now owns 2,642,973 shares of the company’s stock valued at $156,675,000 after buying an additional 57,564 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UL has been the subject of several analyst reports. Argus raised shares of Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Kepler Capital Markets downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings downgraded Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $65.55.

Unilever Trading Up 1.8%

Unilever stock opened at $58.64 on Thursday. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The business’s 50-day simple moving average is $57.30 and its 200 day simple moving average is $63.47.

Unilever Company Profile

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.