Unilever PLC $UL Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC reduced its stake in Unilever PLC (NYSE:UL) by 86.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,716 shares of the company’s stock after selling 101,185 shares during the quarter. Oxbow Advisors LLC’s holdings in Unilever were worth $895,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Elyxium Wealth LLC purchased a new position in shares of Unilever during the 4th quarter worth $25,000. Financial Life Planners acquired a new stake in Unilever during the first quarter worth about $25,000. Palisade Asset Management LLC acquired a new stake in Unilever during the third quarter worth about $25,000. Bard Associates Inc. acquired a new stake in Unilever during the fourth quarter worth about $27,000. Finally, 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 worth $28,000 after purchasing an additional 248 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Price Performance

Unilever stock opened at $62.52 on Friday. The company’s 50 day simple moving average is $58.13 and its 200-day simple moving average is $62.70. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings cut shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Zacks Research cut Unilever from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $65.55.

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.