Kestra Private Wealth Services LLC Sells 11,994 Shares of Unilever PLC $UL

Kestra Private Wealth Services LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 42.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,354 shares of the company’s stock after selling 11,994 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Unilever were worth $932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UL. Brighton Jones LLC boosted its stake in shares of Unilever by 5.4% during the 4th quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock worth $599,000 after acquiring an additional 539 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Unilever by 4.7% in the 1st quarter. AQR Capital Management LLC now owns 35,007 shares of the company’s stock worth $2,085,000 after purchasing an additional 1,587 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Unilever by 39.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 15,848 shares of the company’s stock worth $969,000 after purchasing an additional 4,501 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Unilever by 70.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 378,313 shares of the company’s stock worth $23,141,000 after purchasing an additional 156,404 shares during the period. Finally, Sei Investments Co. lifted its position in Unilever by 17.4% during the second quarter. Sei Investments Co. now owns 427,577 shares of the company’s stock valued at $26,155,000 after purchasing an additional 63,376 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Up 1.3%

Shares of UL stock opened at $60.90 on Thursday. The stock has a fifty day simple moving average of $57.92 and a two-hundred day simple moving average of $62.72. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Weiss Ratings cut Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Finally, Zacks Research cut shares of Unilever from a “hold” rating to a “strong sell” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Unilever currently has an average rating of “Hold” and an average price target 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.