Kornitzer Capital Management Inc. KS Decreases Stock Holdings in Unilever N.V. (NYSE:UL)

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Kornitzer Capital Management Inc. KS cut its holdings in Unilever N.V. (NYSE:UL) by 1.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,465 shares of the company’s stock after selling 690 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Unilever were worth $2,192,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Morgan Stanley raised its stake in Unilever by 1.9% in the second quarter. Morgan Stanley now owns 3,020,058 shares of the company’s stock valued at $187,153,000 after buying an additional 56,812 shares during the last quarter. Thoroughbred Financial Services LLC raised its stake in Unilever by 5,957.8% in the second quarter. Thoroughbred Financial Services LLC now owns 1,218,640 shares of the company’s stock valued at $121,864,000 after buying an additional 1,198,523 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Unilever by 1.7% in the second quarter. Parametric Portfolio Associates LLC now owns 947,161 shares of the company’s stock valued at $58,696,000 after buying an additional 15,977 shares during the last quarter. Jane Street Group LLC raised its stake in Unilever by 807.1% in the second quarter. Jane Street Group LLC now owns 642,423 shares of the company’s stock valued at $39,923,000 after buying an additional 571,602 shares during the last quarter. Finally, Davis R M Inc. raised its stake in Unilever by 1.3% in the third quarter. Davis R M Inc. now owns 641,147 shares of the company’s stock valued at $38,533,000 after buying an additional 8,298 shares during the last quarter. Institutional investors own 7.05% of the company’s stock.

Shares of UL stock traded up $0.29 during mid-day trading on Friday, reaching $59.96. The stock had a trading volume of 683,523 shares, compared to its average volume of 826,136. The business’s fifty day moving average is $59.70 and its 200-day moving average is $61.04. The firm has a market cap of $69.46 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 2.44 and a beta of 0.52. Unilever N.V. has a 1-year low of $50.80 and a 1-year high of $64.84.

UL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Unilever from a “sell” rating to a “hold” rating in a research note on Saturday, September 21st. Goldman Sachs Group upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Finally, Barclays reiterated a “sell” rating on shares of Unilever in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $66.00.

Unilever Profile

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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