Avidian Wealth Enterprises LLC Sells 249 Shares of Unilever PLC (NYSE:UL)

Avidian Wealth Enterprises LLC cut its holdings in shares of Unilever PLC (NYSE:UL) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,874 shares of the company’s stock after selling 249 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Unilever were worth $1,070,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in UL. Procyon Advisors LLC increased its stake in shares of Unilever by 13.0% during the third quarter. Procyon Advisors LLC now owns 7,724 shares of the company’s stock valued at $502,000 after buying an additional 891 shares during the period. Creative Planning grew its stake in Unilever by 8.7% in the third quarter. Creative Planning now owns 295,625 shares of the company’s stock worth $19,204,000 after purchasing an additional 23,718 shares during the period. Regatta Capital Group LLC grew its stake in Unilever by 1.9% in the third quarter. Regatta Capital Group LLC now owns 37,718 shares of the company’s stock worth $2,450,000 after purchasing an additional 707 shares during the period. Jamison Private Wealth Management Inc. grew its stake in Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after purchasing an additional 405 shares during the period. Finally, Leisure Capital Management grew its stake in Unilever by 1.9% in the third quarter. Leisure Capital Management now owns 16,520 shares of the company’s stock worth $1,073,000 after purchasing an additional 307 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UL shares. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Price Performance

NYSE UL opened at $59.09 on Thursday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The stock’s fifty day moving average price is $57.29 and its 200-day moving average price is $60.39.

About Unilever

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.