Gabelli Funds LLC Trims Holdings in Unilever PLC (NYSE:UL)

Gabelli Funds LLC decreased its holdings in Unilever PLC (NYSE:UL) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,292 shares of the company’s stock after selling 3,410 shares during the quarter. Gabelli Funds LLC’s holdings in Unilever were worth $8,721,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Syverson Strege & Co purchased a new position in Unilever during the 1st quarter worth $25,000. Fortis Capital Advisors LLC purchased a new position in Unilever during the 4th quarter worth $26,000. Covestor Ltd raised its position in Unilever by 204.6% during the 1st quarter. Covestor Ltd now owns 667 shares of the company’s stock worth $30,000 after buying an additional 448 shares during the last quarter. Ten Capital Wealth Advisors LLC raised its position in Unilever by 3,005.3% during the 1st quarter. Ten Capital Wealth Advisors LLC now owns 590 shares of the company’s stock worth $31,000 after buying an additional 571 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in Unilever during the 1st quarter worth $38,000. Hedge funds and other institutional investors own 9.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UL shares. Bank of America started coverage on shares of Unilever in a report on Wednesday, October 11th. They issued an “underperform” rating for the company. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Barclays upgraded shares of Unilever from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 9th.

Unilever Stock Down 0.8 %

Shares of UL opened at $46.98 on Tuesday. The company has a 50-day simple moving average of $48.62 and a 200-day simple moving average of $50.69. The company has a market capitalization of $118.06 billion, a PE ratio of 15.98, a P/E/G ratio of 3.33 and a beta of 0.45. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $55.99.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. 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, which includes the vitamins, minerals, and supplements.