Northwestern Mutual Wealth Management Co. Decreases Stock Position in Unilever PLC $UL

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 35.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,112 shares of the company’s stock after selling 26,277 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Unilever were worth $3,081,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Elyxium Wealth LLC bought a new stake in Unilever in the 4th quarter worth about $25,000. Palisade Asset Management LLC bought a new position in Unilever during the 3rd quarter valued at about $25,000. Asset Dedication LLC lifted its stake in Unilever by 108.8% during the 3rd quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after acquiring an additional 248 shares during the period. Global Wealth Strategies & Associates purchased a new stake in shares of Unilever during the 4th quarter valued at about $29,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Unilever in the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 0.6%

NYSE:UL opened at $55.01 on Friday. The stock has a 50-day moving average price of $57.52 and a 200 day moving average price of $63.73. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UL shares. Kepler Capital Markets cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Finally, Argus upgraded 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $65.55.

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.