TRU Independence Asset Management 2 LLC Cuts Stake in Unilever PLC (NYSE:UL)

TRU Independence Asset Management 2 LLC cut its holdings in Unilever PLC (NYSE:UL) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,886 shares of the company’s stock after selling 198 shares during the quarter. TRU Independence Asset Management 2 LLC’s holdings in Unilever were worth $334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in Unilever during the third quarter valued at about $35,000. Jamison Private Wealth Management Inc. grew its position in shares of Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after buying an additional 405 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Unilever during the 3rd quarter worth approximately $40,000. Union Bancaire Privee UBP SA purchased a new stake in Unilever during the fourth quarter valued at approximately $40,000. Finally, Coastline Trust Co acquired a new stake in Unilever in the third quarter valued at approximately $48,000. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Trading Up 2.9 %

NYSE:UL opened at $58.16 on Tuesday. The company’s fifty day moving average price is $57.50 and its 200-day moving average price is $60.38. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

About Unilever

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.