Unilever PLC $UL Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in Unilever PLC (NYSE:UL) by 4.8% during the 2nd quarter, Holdings Channel reports. The fund owned 990,636 shares of the company’s stock after selling 49,555 shares during the quarter. Brown Advisory Inc.’s holdings in Unilever were worth $60,597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in Unilever by 13.9% in the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock valued at $1,673,381,000 after purchasing an additional 3,421,054 shares during the period. Norges Bank acquired a new position in Unilever during the 2nd quarter worth approximately $144,979,000. Fisher Asset Management LLC raised its stake in shares of Unilever by 10.2% during the 2nd quarter. Fisher Asset Management LLC now owns 21,578,648 shares of the company’s stock worth $1,319,966,000 after buying an additional 1,989,631 shares in the last quarter. Clark Capital Management Group Inc. acquired a new stake in shares of Unilever in the 1st quarter valued at approximately $45,413,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Unilever by 764.5% in the 1st quarter. BNP Paribas Financial Markets now owns 775,561 shares of the company’s stock valued at $46,185,000 after buying an additional 685,848 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of UL opened at $59.46 on Friday. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.66. The company has a 50-day moving average of $60.40 and a two-hundred day moving average of $61.35.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UL shares. CICC Research assumed coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Wednesday, November 5th. Zacks Research cut shares of Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Unilever in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.