GFS Advisors LLC Sells 14,969 Shares of Unilever PLC $UL

GFS Advisors LLC trimmed its stake in Unilever PLC (NYSE:UL) by 11.1% in the fourth quarter, HoldingsChannel reports. The firm owned 119,696 shares of the company’s stock after selling 14,969 shares during the period. GFS Advisors LLC’s holdings in Unilever were worth $7,828,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UL. Wellington Management Group LLP raised its holdings in shares of Unilever by 9.3% during the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock valued at $2,054,973,000 after purchasing an additional 2,935,227 shares during the period. Norges Bank acquired a new stake in shares of Unilever in the 4th quarter valued at about $132,027,000. Munich Reinsurance Co Stock Corp in Munich bought a new stake in Unilever in the 3rd quarter valued at about $82,461,000. Fisher Asset Management LLC raised its stake in Unilever by 4.4% during the 3rd quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock worth $1,336,048,000 after buying an additional 959,269 shares during the period. Finally, Corient Private Wealth LLC raised its stake in Unilever by 78.8% during the 2nd quarter. Corient Private Wealth LLC now owns 1,933,422 shares of the company’s stock worth $118,261,000 after buying an additional 852,099 shares during the period. 9.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Argus raised Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Finally, Kepler Capital Markets lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $65.55.

Unilever Trading Up 2.6%

UL stock opened at $57.57 on Wednesday. The business has a 50-day simple moving average of $57.33 and a two-hundred day simple moving average of $63.52. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97.

About Unilever

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.