Unilever PLC $UL Position Reduced by Destination Wealth Management

Destination Wealth Management decreased its position in shares of Unilever PLC (NYSE:UL) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,372 shares of the company’s stock after selling 11,356 shares during the period. Destination Wealth Management’s holdings in Unilever were worth $8,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in Unilever during the fourth quarter worth approximately $25,000. Palisade Asset Management LLC bought a new stake in Unilever during the third quarter worth approximately $25,000. Bard Associates Inc. bought a new stake in Unilever during the fourth quarter worth approximately $27,000. Asset Dedication LLC raised its holdings in Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after purchasing an additional 248 shares in the last quarter. Finally, Global Wealth Strategies & Associates bought a new stake in Unilever during the fourth quarter worth approximately $29,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE:UL opened at $58.92 on Friday. The company’s fifty day moving average is $57.39 and its two-hundred day moving average is $63.37. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97.

Wall Street Analysts Forecast Growth

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

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.