Cerity Partners LLC Sells 53,048 Shares of Unilever PLC $UL

Cerity Partners LLC reduced its stake in shares of Unilever PLC (NYSE:UL) by 7.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UL. Brighton Jones LLC increased its holdings in Unilever by 5.4% during the 4th quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock worth $599,000 after purchasing an additional 539 shares in the last quarter. AQR Capital Management LLC increased its holdings in Unilever by 4.7% during the 1st quarter. AQR Capital Management LLC now owns 35,007 shares of the company’s stock worth $2,085,000 after purchasing an additional 1,587 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Unilever by 39.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 15,848 shares of the company’s stock worth $969,000 after purchasing an additional 4,501 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Unilever by 70.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 378,313 shares of the company’s stock worth $23,141,000 after purchasing an additional 156,404 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Unilever by 17.4% during the 2nd quarter. Sei Investments Co. now owns 427,577 shares of the company’s stock worth $26,155,000 after purchasing an additional 63,376 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Trading Up 1.8%

Unilever stock opened at $58.64 on Thursday. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97. The business’s 50 day simple moving average is $57.30 and its 200 day simple moving average is $63.47.

Analysts Set New Price Targets

UL has been the subject of several recent analyst reports. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Argus raised Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Finally, DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $65.55.

About Unilever

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.