HighTower Advisors LLC Cuts Stock Position in Unilever PLC $UL

HighTower Advisors LLC lessened its holdings in shares of Unilever PLC (NYSE:UL) by 5.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 410,103 shares of the company’s stock after selling 25,527 shares during the quarter. HighTower Advisors LLC’s holdings in Unilever were worth $24,655,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cornerstone Wealth Management LLC increased its stake in Unilever by 3.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,036 shares of the company’s stock worth $264,000 after buying an additional 151 shares during the period. Blake Schutter Theil Wealth Advisors LLC grew its stake in shares of Unilever by 3.2% in the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 5,754 shares of the company’s stock worth $328,000 after acquiring an additional 180 shares in the last quarter. Capital Analysts LLC grew its stake in shares of Unilever by 5.3% in the second quarter. Capital Analysts LLC now owns 3,748 shares of the company’s stock worth $225,000 after acquiring an additional 187 shares in the last quarter. HBK Sorce Advisory LLC increased its position in shares of Unilever by 3.1% during the second quarter. HBK Sorce Advisory LLC now owns 6,191 shares of the company’s stock worth $399,000 after acquiring an additional 187 shares during the period. Finally, Cohen Investment Advisors LLC grew its stake in Unilever by 2.9% during the 1st quarter. Cohen Investment Advisors LLC now owns 6,753 shares of the company’s stock worth $385,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 1.0%

Shares of UL opened at $63.54 on Wednesday. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97. The stock has a 50 day moving average price of $63.05 and a 200 day moving average price of $61.33.

Unilever (NYSE:UL) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($1.25). The firm had revenue of $14.62 billion for the quarter, compared to analyst estimates of $14.80 billion. Research analysts anticipate that Unilever PLC will post 3.53 EPS for the current year.

Wall Street Analyst Weigh In

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

Unilever Profile

Unilever PLC is a global consumer goods company that develops, markets and sells products across beauty and wellbeing, personal care, home care and foods. Its portfolio includes well-known brands such as Dove, Vaseline, Axe, TRESemmé, Sunsilk, Hellmann’s, Knorr, Cif, Domestos and OMO or Persil, depending on the market.

The company serves consumers in markets around the world, with products distributed through retail stores, e-commerce platforms and other channels. Its offerings include skin and hair care, deodorants, oral care, household cleaning products, dressings, condiments, soups and cooking products.

Unilever was created in 1929 through the combination of Margarine Unie, a Dutch margarine producer, and Lever Brothers, a British soap maker.