Unilever PLC $UL Shares Sold by State Farm Mutual Automobile Insurance Co.

State Farm Mutual Automobile Insurance Co. cut its stake in Unilever PLC (NYSE:UL) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,122,449 shares of the company’s stock after selling 765,309 shares during the period. State Farm Mutual Automobile Insurance Co.’s holdings in Unilever were worth $400,408,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its holdings in Unilever by 3.1% in the third quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock valued at $73,950,000 after acquiring an additional 37,630 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Unilever by 160.8% in the fourth quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock valued at $5,375,000 after acquiring an additional 50,682 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in Unilever by 37.3% in the fourth quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock valued at $5,127,000 after acquiring an additional 21,313 shares in the last quarter. Cullen Investment Group LTD. acquired a new stake in Unilever in the fourth quarter valued at $5,003,000. Finally, Wellington Management Group LLP raised its holdings in Unilever by 9.3% in the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock valued at $2,054,973,000 after acquiring an additional 2,935,227 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Monday, February 9th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Kepler Capital Markets cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Two investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Price Performance

Shares of NYSE:UL opened at $56.10 on Tuesday. Unilever PLC has a 1-year low of $54.75 and a 1-year high of $74.97. The company’s fifty day moving average is $57.36 and its two-hundred day moving average is $63.58.

Unilever Company Profile

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.