Unilever PLC (NYSE:UL) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC trimmed its stake in shares of Unilever PLC (NYSE:UL) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 362,779 shares of the company’s stock after selling 1,207 shares during the quarter. Ingalls & Snyder LLC’s holdings in Unilever were worth $20,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV lifted its position in Unilever by 7.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock worth $181,000 after acquiring an additional 181 shares during the period. Timber Creek Capital Management LLC lifted its position in Unilever by 0.5% during the 3rd quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock worth $2,568,000 after acquiring an additional 182 shares during the period. Farmers & Merchants Investments Inc. lifted its position in Unilever by 3.4% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company’s stock worth $320,000 after acquiring an additional 185 shares during the period. Alhambra Investment Management LLC lifted its position in Unilever by 4.2% during the 4th quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company’s stock worth $260,000 after acquiring an additional 186 shares during the period. Finally, Phillips Wealth Planners LLC lifted its position in Unilever by 2.2% during the 4th quarter. Phillips Wealth Planners LLC now owns 8,970 shares of the company’s stock worth $495,000 after acquiring an additional 193 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UL has been the subject of several recent analyst reports. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. 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, Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.75.

Unilever Stock Up 0.3 %

Shares of UL stock opened at $59.09 on Thursday. The stock has a fifty day moving average price of $57.29 and a 200 day moving average price of $60.39. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

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.