Unilever PLC $UL Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC lessened its position in shares of Unilever PLC (NYSE:UL) by 60.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 109,487 shares of the company’s stock after selling 168,391 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Unilever were worth $6,697,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in UL. Gallacher Capital Management LLC increased its stake in Unilever by 1.9% during the second quarter. Gallacher Capital Management LLC now owns 8,700 shares of the company’s stock worth $532,000 after acquiring an additional 165 shares during the last quarter. Ascent Group LLC increased its position in shares of Unilever by 2.3% during the 2nd quarter. Ascent Group LLC now owns 8,457 shares of the company’s stock worth $517,000 after purchasing an additional 187 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in Unilever by 2.7% in the 2nd quarter. Rehmann Capital Advisory Group now owns 7,314 shares of the company’s stock valued at $447,000 after buying an additional 194 shares during the period. Seeds Investor LLC lifted its position in Unilever by 3.6% in the second quarter. Seeds Investor LLC now owns 5,804 shares of the company’s stock valued at $355,000 after buying an additional 200 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its stake in Unilever by 0.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 36,107 shares of the company’s stock worth $2,150,000 after buying an additional 209 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UL has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Unilever in a research note on Monday. CICC Research initiated coverage on shares of Unilever in a report on Thursday, August 21st. They issued an “outperform” rating for the company. Zacks Research cut Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Unilever currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Unilever Trading Down 0.4%

Unilever stock opened at $59.30 on Thursday. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66. The company’s 50 day moving average is $60.40 and its two-hundred day moving average is $61.38.

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.