State Farm Mutual Automobile Insurance Co. Decreases Stock Holdings in Unilever PLC $UL

State Farm Mutual Automobile Insurance Co. reduced its holdings in shares of Unilever PLC (NYSE:UL) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,122,449 shares of the company’s stock after selling 765,309 shares during the quarter. State Farm Mutual Automobile Insurance Co. owned 0.28% of Unilever worth $400,408,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UL. Brighton Jones LLC grew its stake in Unilever by 5.4% during the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock worth $599,000 after buying an additional 539 shares during the period. AQR Capital Management LLC grew its stake in Unilever by 4.7% during the first quarter. AQR Capital Management LLC now owns 35,007 shares of the company’s stock worth $2,085,000 after buying an additional 1,587 shares during the period. Gamco Investors INC. ET AL grew its stake in Unilever by 39.7% during the second quarter. Gamco Investors INC. ET AL now owns 15,848 shares of the company’s stock worth $969,000 after buying an additional 4,501 shares during the period. Qube Research & Technologies Ltd grew its stake in Unilever by 70.5% during the second quarter. Qube Research & Technologies Ltd now owns 378,313 shares of the company’s stock worth $23,141,000 after buying an additional 156,404 shares during the period. Finally, Sei Investments Co. grew its stake in Unilever by 17.4% during the second quarter. Sei Investments Co. now owns 427,577 shares of the company’s stock worth $26,155,000 after buying an additional 63,376 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UL has been the subject of several research reports. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Argus raised shares of Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $65.55.

Unilever Price Performance

NYSE UL opened at $56.10 on Tuesday. The company’s fifty day simple moving average is $57.36 and its 200-day simple moving average is $63.58. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97.

Unilever Profile

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.