Unilever PLC (NYSE:UL) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP cut its position in Unilever PLC (NYSE:UL) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 271,963 shares of the company’s stock after selling 9,258 shares during the period. Yacktman Asset Management LP’s holdings in Unilever were worth $15,420,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in Unilever in the fourth quarter valued at $26,000. Financial Life Planners purchased a new stake in shares of Unilever in the fourth quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Unilever in the third quarter worth about $35,000. Newbridge Financial Services Group Inc. acquired a new stake in Unilever during the fourth quarter worth about $36,000. Finally, Jamison Private Wealth Management Inc. raised its position in Unilever by 202.5% during the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after acquiring an additional 405 shares in the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Price Performance

Shares of NYSE UL opened at $58.30 on Tuesday. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The firm has a fifty day moving average of $57.33 and a 200 day moving average of $60.40.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UL shares. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Unilever presently has an average rating of “Hold” and an average target price 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.