Murphy Capital Management Inc. lessened its position in shares of Unilever N.V. (NYSE:UL) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,263 shares of the company’s stock after selling 4,125 shares during the quarter. Murphy Capital Management Inc.’s holdings in Unilever were worth $1,333,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in UL. Kiley Juergens Wealth Management LLC acquired a new stake in Unilever in the 2nd quarter valued at approximately $105,000. Quad Cities Investment Group LLC acquired a new stake in Unilever in the 2nd quarter valued at approximately $116,000. Parallel Advisors LLC increased its holdings in Unilever by 74.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,125 shares of the company’s stock valued at $117,000 after purchasing an additional 907 shares during the last quarter. Braun Bostich & Associates Inc. acquired a new stake in Unilever in the 1st quarter valued at approximately $122,000. Finally, NEXT Financial Group Inc acquired a new stake in Unilever in the 3rd quarter valued at approximately $130,000. 6.65% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a report on Tuesday, June 19th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a report on Monday, July 16th.
Unilever stock opened at $52.91 on Thursday. Unilever N.V. has a fifty-two week low of $50.74 and a fifty-two week high of $60.13. The company has a market capitalization of $67.71 billion, a P/E ratio of 20.92 and a beta of 0.81.
Unilever PLC operates in the fast-moving consumer goods industry worldwide. It operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skin care and hair care products, deodorants, and oral care products. The Home Care segment provides home care products, including powders, liquids and capsules, soap bars, and various cleaning products.
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