Northwestern Mutual Wealth Management Co. Sells 26,277 Shares of Unilever PLC $UL

Northwestern Mutual Wealth Management Co. cut its position in shares of Unilever PLC (NYSE:UL) by 35.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,112 shares of the company’s stock after selling 26,277 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Unilever were worth $3,081,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in Unilever in the fourth quarter worth about $25,000. Palisade Asset Management LLC bought a new position in shares of Unilever during the third quarter valued at approximately $25,000. Asset Dedication LLC raised its holdings in shares of Unilever by 108.8% in the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after buying an additional 248 shares during the period. Global Wealth Strategies & Associates bought a new stake in shares of Unilever during the 4th quarter worth approximately $29,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Unilever during the 3rd quarter worth approximately $29,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Price Performance

UL opened at $55.01 on Friday. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The business’s fifty day simple moving average is $57.52 and its 200-day simple moving average is $63.73.

Wall Street Analyst Weigh In

Several equities analysts have commented on UL shares. Argus raised Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. Kepler Capital Markets cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings downgraded shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Unilever 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.