Allspring Global Investments Holdings LLC Sells 166,507 Shares of Unilever PLC $UL

Allspring Global Investments Holdings LLC cut its holdings in shares of Unilever PLC (NYSE:UL) by 10.5% in the 1st quarter, HoldingsChannel reports. The firm owned 1,412,236 shares of the company’s stock after selling 166,507 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Unilever were worth $79,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Unilever during the 4th quarter worth approximately $25,000. Financial Life Planners bought a new position in Unilever during the first quarter valued at $25,000. Palisade Asset Management LLC purchased a new stake in Unilever in the third quarter worth $25,000. Bard Associates Inc. purchased a new stake in Unilever in the fourth quarter worth $27,000. Finally, Asset Dedication LLC raised its stake in shares of Unilever by 108.8% in 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 period. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Unilever Trading Down 0.6%

UL opened at $62.35 on Friday. The stock has a 50-day moving average price of $58.85 and a 200-day moving average price of $62.45. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97.

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.