Unilever PLC (NYSE:UL) Shares Sold by Inlet Private Wealth LLC

Inlet Private Wealth LLC cut its position in Unilever PLC (NYSE:UL) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,295 shares of the company’s stock after selling 3,100 shares during the period. Inlet Private Wealth LLC’s holdings in Unilever were worth $1,718,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Stonegate Investment Group LLC increased its holdings in Unilever by 155.2% in the 4th quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock worth $477,000 after buying an additional 5,117 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Unilever by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after acquiring an additional 15,941 shares during the period. Verition Fund Management LLC purchased a new position in shares of Unilever during the third quarter worth $11,694,000. WCM Investment Management LLC raised its holdings in shares of Unilever by 236.2% during the third quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock worth $1,997,000 after purchasing an additional 21,441 shares during the last quarter. Finally, Radnor Capital Management LLC acquired a new position in Unilever during the third quarter valued at $1,388,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Unilever Price Performance

Shares of UL opened at $57.38 on Friday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The stock’s 50 day moving average is $57.48 and its two-hundred day moving average is $60.36.

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.