61,999 Unilever PLC $UL Shares Sold by Hamlin Capital Management LLC

Hamlin Capital Management LLC reduced its position in shares of Unilever PLC (NYSE:UL) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,660,722 shares of the company’s stock after selling 61,999 shares during the period. Unilever comprises approximately 3.9% of Hamlin Capital Management LLC’s holdings, making the stock its 13th largest holding. Hamlin Capital Management LLC’s holdings in Unilever were worth $161,586,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Gradient Investments LLC increased its stake in Unilever by 4.6% during the third quarter. Gradient Investments LLC now owns 90,135 shares of the company’s stock valued at $5,474,000 after purchasing an additional 3,927 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Unilever by 7.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 11,052 shares of the company’s stock worth $671,000 after buying an additional 807 shares during the last quarter. Cooper Financial Group boosted its holdings in shares of Unilever by 6.6% in the 3rd quarter. Cooper Financial Group now owns 4,391 shares of the company’s stock valued at $267,000 after buying an additional 271 shares during the period. Canandaigua National Bank & Trust Co. acquired a new position in shares of Unilever in the 3rd quarter valued at about $249,000. Finally, Rosenberg Matthew Hamilton grew its position in shares of Unilever by 21.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,827 shares of the company’s stock valued at $293,000 after buying an additional 861 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UL shares. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, July 6th. TD Cowen reaffirmed a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Zacks Research raised Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings upgraded Unilever from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $65.55.

Unilever Price Performance

NYSE UL traded up $0.80 on Thursday, hitting $61.78. The stock had a trading volume of 1,526,490 shares, compared to its average volume of 4,045,315. The company’s 50-day moving average is $62.89 and its two-hundred day moving average is $60.32. Unilever PLC has a one year low of $54.75 and a one year high of $74.97.

Unilever (NYSE:UL) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) 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. Analysts forecast that Unilever PLC will post 3.54 EPS for the current year.

Unilever Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann’s and Magnum, although product availability varies by market.

The company’s products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.