Cerity Partners LLC Reduces Stock Holdings in Unilever PLC $UL

Cerity Partners LLC decreased its position in Unilever PLC (NYSE:UL) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 625,723 shares of the company’s stock after selling 53,048 shares during the period. Cerity Partners LLC’s holdings in Unilever were worth $40,922,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Unilever by 9.3% during the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after acquiring an additional 2,935,227 shares in the last quarter. Norges Bank purchased a new stake in shares of Unilever during the fourth quarter worth $132,027,000. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of Unilever during the third quarter worth $82,461,000. Fisher Asset Management LLC lifted its position in shares of Unilever by 4.4% during the third quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock worth $1,336,048,000 after acquiring an additional 959,269 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Unilever by 78.8% during the second quarter. Corient Private Wealth LLC now owns 1,933,422 shares of the company’s stock worth $118,261,000 after acquiring an additional 852,099 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Kepler Capital Markets downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Argus upgraded Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.55.

Unilever Trading Up 1.8%

Shares of UL stock opened at $58.64 on Thursday. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97. The business’s fifty day moving average is $57.30 and its 200 day moving average is $63.47.

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.