Corient Private Wealth LLC Sells 164,543 Shares of Unilever PLC $UL

Corient Private Wealth LLC reduced its holdings in shares of Unilever PLC (NYSE:UL) by 19.2% in the fourth quarter, HoldingsChannel reports. The fund owned 690,538 shares of the company’s stock after selling 164,543 shares during the period. Corient Private Wealth LLC’s holdings in Unilever were worth $45,215,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Elyxium Wealth LLC purchased a new position in shares of Unilever during the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new stake in shares of Unilever in the 3rd quarter worth approximately $25,000. Bard Associates Inc. bought a new position in Unilever during the 4th quarter valued at approximately $27,000. Asset Dedication LLC raised its stake in Unilever by 108.8% during 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 last quarter. Finally, Global Wealth Strategies & Associates bought a new stake in Unilever in the fourth quarter worth $29,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

UL opened at $58.40 on Monday. The company’s 50 day moving average is $57.61 and its 200 day moving average is $63.01. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings lowered shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Finally, Argus upgraded shares of Unilever to a “strong-buy” rating in a report on Monday, March 2nd. 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.