Kanawha Capital Management LLC Sells 835 Shares of Unilever PLC (NYSE:UL)

Kanawha Capital Management LLC decreased its position in shares of Unilever PLC (NYSE:UL) by 1.6% in the 4th quarter, Holdings Channel reports. The fund owned 52,988 shares of the company’s stock after selling 835 shares during the quarter. Kanawha Capital Management LLC’s holdings in Unilever were worth $3,004,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its holdings in Unilever by 7.1% during the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after purchasing an additional 1,114,177 shares in the last quarter. Jennison Associates LLC lifted its holdings in Unilever by 66.4% during the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock worth $195,881,000 after purchasing an additional 1,378,517 shares in the last quarter. Hamlin Capital Management LLC lifted its holdings in Unilever by 7.8% during the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company’s stock worth $163,008,000 after purchasing an additional 207,549 shares in the last quarter. Bank of Montreal Can lifted its holdings in Unilever by 3.7% during the 3rd quarter. Bank of Montreal Can now owns 1,812,164 shares of the company’s stock worth $118,588,000 after purchasing an additional 63,835 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Unilever by 18.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,240,653 shares of the company’s stock worth $70,132,000 after purchasing an additional 190,753 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

UL opened at $56.01 on Friday. The stock’s 50 day simple moving average is $57.28 and its 200 day simple moving average is $60.38. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Analysts Set New Price Targets

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

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.