Unilever PLC $UL Stock: Royal Palms Capital LLC Lowers Position

Royal Palms Capital LLC reduced its holdings in Unilever PLC (NYSE:UL) by 46.6% during the 3rd quarter, Holdings Channel reports. The firm owned 17,606 shares of the company’s stock after selling 15,386 shares during the quarter. Royal Palms Capital LLC’s holdings in Unilever were worth $1,069,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Invested Advisors raised its stake in shares of Unilever by 16.0% during the 3rd quarter. Invested Advisors now owns 4,567 shares of the company’s stock worth $277,000 after buying an additional 630 shares during the period. Code Waechter LLC grew its stake in Unilever by 11.9% in the 3rd quarter. Code Waechter LLC now owns 6,048 shares of the company’s stock valued at $367,000 after acquiring an additional 645 shares during the period. Signaturefd LLC grew its stake in Unilever by 10.2% in the 3rd quarter. Signaturefd LLC now owns 49,414 shares of the company’s stock valued at $3,001,000 after acquiring an additional 4,580 shares during the period. Simplicity Wealth LLC grew its stake in Unilever by 21.6% in the 3rd quarter. Simplicity Wealth LLC now owns 5,368 shares of the company’s stock valued at $326,000 after acquiring an additional 953 shares during the period. Finally, Carolina Wealth Advisors LLC grew its stake in Unilever by 1.2% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 37,950 shares of the company’s stock valued at $2,305,000 after acquiring an additional 434 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Trading Up 0.0%

NYSE:UL opened at $66.24 on Monday. The stock has a 50 day moving average of $63.15 and a two-hundred day moving average of $60.81. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97.

Unilever (NYSE:UL) last released its earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($1.25). The firm had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. On average, sell-side analysts expect that Unilever PLC will post 3.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on UL. Sanford C. Bernstein reissued a “buy” rating on shares of Unilever in a report on Wednesday, September 30th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Monday, October 12th. DZ Bank reiterated a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Unilever in a research report on Tuesday, July 28th. Finally, Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Unilever currently has an average rating of “Hold” and a consensus price target of $68.37.

About Unilever

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, markets and sells branded products used in households and personal care, with operations serving consumers across developed and emerging markets worldwide.

The company’s portfolio includes beauty and wellbeing products, personal care items, home care products, and foods and refreshments. Its brands include Dove, Vaseline, Axe, TRESemmé, Cif, OMO, Persil, Knorr, Hellmann’s and Ben & Jerry’s, although product offerings vary by market.

Unilever was formed in 1929 through the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie.