Unilever PLC $UL Stock: Sanders Capital LLC Lowers Position

Sanders Capital LLC reduced its position in shares of Unilever PLC (NYSE:UL) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,515 shares of the company’s stock after selling 7,920 shares during the period. Sanders Capital LLC’s holdings in Unilever were worth $13,817,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Latitude Advisors LLC purchased a new stake in Unilever in the 3rd quarter valued at about $26,000. Tompkins Financial Corp bought a new position in shares of Unilever during the 3rd quarter worth approximately $27,000. West Financial Advisors LLC purchased a new position in shares of Unilever in the 3rd quarter worth approximately $28,000. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Unilever in the 3rd quarter worth approximately $30,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Unilever in the first quarter valued at approximately $29,000. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

NYSE:UL traded down $1.72 during trading hours on Friday, reaching $65.99. The stock had a trading volume of 3,310,362 shares, compared to its average volume of 4,063,310. The stock has a 50 day simple moving average of $63.50 and a 200 day simple moving average of $62.66. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97.

Analysts Set New Price Targets

UL has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, October 12th. TD Cowen reduced their price target on shares of Unilever from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. UBS Group restated a “sell” rating on shares of Unilever in a report on Monday, August 3rd. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Unilever in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $68.37.

Unilever Company Profile

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann’s and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods.

The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.

Headquartered in London, Unilever operates as a UK-based public company.