PNC Financial Services Group Inc. Sells 32,433 Shares of Unilever PLC $UL

PNC Financial Services Group Inc. lowered its stake in Unilever PLC (NYSE:UL) by 7.4% in the 4th quarter, Holdings Channel reports. The firm owned 403,438 shares of the company’s stock after selling 32,433 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Unilever were worth $26,385,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Natixis Advisors LLC boosted its stake in Unilever by 3.1% in the 3rd quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock worth $73,950,000 after purchasing an additional 37,630 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of Unilever by 160.8% in the 4th quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock valued at $5,375,000 after acquiring an additional 50,682 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Unilever by 37.3% in the 4th quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock valued at $5,127,000 after acquiring an additional 21,313 shares in the last quarter. Cullen Investment Group LTD. purchased a new stake in shares of Unilever in the 4th quarter valued at about $5,003,000. Finally, Wellington Management Group LLP raised its holdings in shares of Unilever by 9.3% in the 3rd quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock valued at $2,054,973,000 after acquiring an additional 2,935,227 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on UL. Weiss Ratings cut Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 31st. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Monday. Deutsche Bank Aktiengesellschaft cut Unilever from a “buy” rating to a “hold” rating in a report on Monday, February 9th. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Kepler Capital Markets cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $65.55.

Unilever Price Performance

Shares of NYSE UL opened at $57.33 on Friday. Unilever PLC has a 1-year low of $54.95 and a 1-year high of $74.97. The stock’s 50-day moving average is $58.70 and its 200 day moving average is $64.52.

About Unilever

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.