Garner Asset Management Corp Sells 900 Shares of Unilever PLC $UL

Garner Asset Management Corp cut its holdings in Unilever PLC (NYSE:UL) by 10.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,595 shares of the company’s stock after selling 900 shares during the quarter. Garner Asset Management Corp’s holdings in Unilever were worth $465,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of UL. Wellington Management Group LLP lifted its stake in shares of Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock valued at $1,673,381,000 after purchasing an additional 3,421,054 shares during the last quarter. Clark Capital Management Group Inc. bought a new position in Unilever during the first quarter valued at about $45,413,000. BNP Paribas Financial Markets lifted its position in shares of Unilever by 764.5% in the first quarter. BNP Paribas Financial Markets now owns 775,561 shares of the company’s stock worth $46,185,000 after buying an additional 685,848 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in shares of Unilever in the first quarter worth about $24,374,000. Finally, Sustainable Growth Advisers LP boosted its stake in shares of Unilever by 164.2% during the 2nd quarter. Sustainable Growth Advisers LP now owns 440,108 shares of the company’s stock worth $26,921,000 after acquiring an additional 273,554 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

UL has been the topic of a number of recent analyst reports. Zacks Research downgraded Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Unilever in a report on Tuesday. CICC Research began coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating for the company. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Stock Down 0.1%

Shares of NYSE UL opened at $60.16 on Thursday. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.66. The business’s 50 day moving average is $60.48 and its two-hundred day moving average is $61.43.

Unilever Profile

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.