Inlet Private Wealth LLC Reduces Holdings in Unilever PLC (NYSE:UL)

Inlet Private Wealth LLC lowered its position in Unilever PLC (NYSE:UL) by 9.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 30,295 shares of the company’s stock after selling 3,100 shares during the period. Inlet Private Wealth LLC’s holdings in Unilever were worth $1,718,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in Unilever by 4.1% during the second quarter. Thrivent Financial for Lutherans now owns 13,538 shares of the company’s stock worth $744,000 after acquiring an additional 536 shares during the last quarter. AQR Capital Management LLC purchased a new position in Unilever in the 2nd quarter worth approximately $594,000. NewEdge Advisors LLC boosted its holdings in shares of Unilever by 15.1% during the 2nd quarter. NewEdge Advisors LLC now owns 44,649 shares of the company’s stock worth $2,455,000 after purchasing an additional 5,846 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Unilever in the second quarter valued at approximately $5,417,000. Finally, Centaurus Financial Inc. increased its holdings in shares of Unilever by 34.6% in the second quarter. Centaurus Financial Inc. now owns 8,538 shares of the company’s stock valued at $469,000 after purchasing an additional 2,194 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Unilever has an average rating of “Hold” and an average price target of $61.75.

Unilever Stock Down 1.6 %

Shares of UL stock opened at $57.38 on Friday. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The company has a 50-day moving average of $57.48 and a two-hundred day moving average of $60.36.

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.