Narwhal Capital Management Decreases Stock Position in Unilever PLC (NYSE:UL)

Narwhal Capital Management lessened its position in shares of Unilever PLC (NYSE:UL) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,185 shares of the company’s stock after selling 199 shares during the period. Narwhal Capital Management’s holdings in Unilever were worth $1,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Unilever by 16.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after purchasing an additional 15,941 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Unilever in the third quarter valued at approximately $11,694,000. WCM Investment Management LLC lifted its stake in shares of Unilever by 236.2% during the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after buying an additional 21,441 shares in the last quarter. Radnor Capital Management LLC bought a new position in Unilever in the 3rd quarter worth approximately $1,388,000. Finally, Oak Ridge Investments LLC grew its stake in Unilever by 5.5% in the 4th quarter. Oak Ridge Investments LLC now owns 115,946 shares of the company’s stock valued at $6,574,000 after buying an additional 6,092 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the topic of several recent research reports. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Performance

Shares of NYSE UL opened at $56.49 on Monday. The stock’s 50-day simple moving average is $57.50 and its two-hundred day simple moving average is $60.35. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

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.