Ingalls & Snyder LLC Decreases Holdings in Unilever plc (UL)
Ingalls & Snyder LLC lessened its stake in shares of Unilever plc (NYSE:UL) by 2.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 223,831 shares of the company’s stock after selling 5,945 shares during the period. Ingalls & Snyder LLC’s holdings in Unilever were worth $12,387,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Advisors Preferred LLC bought a new stake in shares of Unilever in the third quarter worth $122,000. Fieldpoint Private Securities LLC bought a new stake in shares of Unilever in the third quarter worth $135,000. YorkBridge Wealth Partners LLC grew its stake in shares of Unilever by 22.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after purchasing an additional 613 shares during the last quarter. Segment Wealth Management LLC bought a new stake in shares of Unilever in the third quarter worth $201,000. Finally, Cable Hill Partners LLC grew its stake in shares of Unilever by 6,866.0% in the third quarter. Cable Hill Partners LLC now owns 3,483 shares of the company’s stock worth $202,000 after purchasing an additional 3,433 shares during the last quarter. 7.09% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on UL. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a research note on Monday, December 18th. Zacks Investment Research raised shares of Unilever from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Saturday, September 23rd. Morgan Stanley restated a “neutral” rating on shares of Unilever in a report on Wednesday, October 11th. Finally, Argus began coverage on shares of Unilever in a report on Friday, November 17th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $44.50.
Unilever plc (UL) traded up $1.21 during mid-day trading on Friday, reaching $57.08. 3,663,948 shares of the company traded hands, compared to its average volume of 1,778,538. The firm has a market capitalization of $169,060.00, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 2.08 and a beta of 0.89. Unilever plc has a 1-year low of $40.31 and a 1-year high of $60.13.
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Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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