K.J. Harrison & Partners Inc Sells 10,000 Shares of Unilever PLC $UL

K.J. Harrison & Partners Inc trimmed its holdings in Unilever PLC (NYSE:UL) by 14.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 60,000 shares of the company’s stock after selling 10,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Unilever were worth $3,670,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UL. Wellington Management Group LLP raised its holdings in Unilever by 13.9% during the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock valued at $1,673,381,000 after buying an additional 3,421,054 shares during the last quarter. Clark Capital Management Group Inc. bought a new stake in Unilever during the 1st quarter valued at $45,413,000. BNP Paribas Financial Markets raised its holdings in Unilever by 764.5% during the 1st quarter. BNP Paribas Financial Markets now owns 775,561 shares of the company’s stock valued at $46,185,000 after buying an additional 685,848 shares during the last quarter. Cerity Partners LLC raised its holdings in Unilever by 220.9% during the 1st quarter. Cerity Partners LLC now owns 626,102 shares of the company’s stock valued at $37,284,000 after buying an additional 431,005 shares during the last quarter. Finally, Cheviot Value Management LLC bought a new stake in Unilever during the 1st quarter valued at $24,374,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Down 1.1%

NYSE:UL opened at $60.21 on Monday. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.66. The firm’s 50-day moving average price is $61.49 and its 200-day moving average price is $61.83.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a report on Wednesday, October 8th. Zacks Research lowered shares of Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Finally, CICC Research initiated coverage on shares of Unilever in a report on Thursday, August 21st. They issued an “outperform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.