Levin Capital Strategies L.P. Sells 6,462 Shares of Unilever PLC $UL

Levin Capital Strategies L.P. decreased its holdings in Unilever PLC (NYSE:UL) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 224,581 shares of the company’s stock after selling 6,462 shares during the quarter. Unilever makes up about 1.3% of Levin Capital Strategies L.P.’s investment portfolio, making the stock its 28th largest position. Levin Capital Strategies L.P.’s holdings in Unilever were worth $13,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Unilever in the 1st quarter valued at $30,000. Brentview Investment Management LLC acquired a new stake in shares of Unilever in the 1st quarter valued at $33,000. Richardson Financial Services Inc. increased its stake in shares of Unilever by 209.0% in the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after buying an additional 418 shares during the period. Financial Connections Group Inc. acquired a new stake in shares of Unilever in the 2nd quarter valued at $39,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Unilever in the 2nd quarter valued at $55,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Price Performance

NYSE:UL opened at $60.69 on Tuesday. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66. The stock has a 50-day moving average price of $61.46 and a two-hundred day moving average price of $61.81.

Wall Street Analyst Weigh In

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