Northstar Asset Management Inc. Has $4.19 Million Holdings in Unilever PLC $UL

Northstar Asset Management Inc. trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 27.0% during the second quarter, Holdings Channel.com reports. The fund owned 69,659 shares of the company’s stock after selling 25,767 shares during the quarter. Unilever accounts for about 1.2% of Northstar Asset Management Inc.’s holdings, making the stock its 24th biggest position. Northstar Asset Management Inc.’s holdings in Unilever were worth $4,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of UL. Saturna Capital Corp increased its stake in Unilever by 38.0% during the 1st quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock worth $45,252,000 after buying an additional 218,767 shares during the period. Diversify Wealth Management LLC boosted its position in Unilever by 77.6% in the 1st quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock valued at $2,226,000 after buying an additional 17,093 shares during the period. Bank of America Corp DE grew its stake in shares of Unilever by 16.4% in the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after acquiring an additional 937,346 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Unilever by 674.2% in the first quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock worth $159,208,000 after acquiring an additional 2,433,625 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its position in shares of Unilever by 135.1% during the first quarter. Arkadios Wealth Advisors now owns 31,179 shares of the company’s stock worth $1,776,000 after acquiring an additional 17,918 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

NYSE:UL opened at $65.12 on Friday. The business’s fifty day moving average price is $62.44 and its 200 day moving average price is $61.85. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97.

Unilever (NYSE:UL) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The business had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $14.80 billion. As a group, equities research analysts predict that Unilever PLC will post 3.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Zacks Research upgraded Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded Unilever from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Finally, TD Cowen reissued a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.55.

Unilever Company Profile

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.