Tevis Investment Management Trims Position in Unilever PLC $UL

Tevis Investment Management lowered its stake in Unilever PLC (NYSE:UL) by 12.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,405 shares of the company’s stock after selling 12,671 shares during the quarter. Unilever comprises approximately 2.8% of Tevis Investment Management’s holdings, making the stock its 8th largest holding. Tevis Investment Management’s holdings in Unilever were worth $4,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in shares of Unilever during the fourth quarter valued at about $25,000. Financial Life Planners purchased a new stake in shares of Unilever in the first quarter worth about $25,000. Palisade Asset Management LLC purchased a new stake in shares of Unilever in the third quarter worth about $25,000. Bard Associates Inc. bought a new position in Unilever during the fourth quarter valued at approximately $27,000. Finally, Asset Dedication LLC boosted its stake in Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after buying an additional 248 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL opened at $61.77 on Monday. The company’s fifty day simple moving average is $58.55 and its 200-day simple moving average is $62.57. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97.

Analyst Ratings Changes

A number of analysts have issued reports on the company. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Weiss Ratings cut shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Finally, Zacks Research downgraded shares of Unilever from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $65.55.

Unilever Company 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.