Atlantic Union Bankshares Corp Sells 9,652 Shares of Unilever PLC $UL

Atlantic Union Bankshares Corp trimmed its holdings in Unilever PLC (NYSE:UL) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,288 shares of the company’s stock after selling 9,652 shares during the period. Atlantic Union Bankshares Corp’s holdings in Unilever were worth $4,270,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Palisade Asset Management LLC bought a new position in shares of Unilever during the third quarter valued at about $25,000. Asset Dedication LLC lifted its position in shares of Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after purchasing an additional 248 shares in the last quarter. Global Wealth Strategies & Associates bought a new position in shares of Unilever during the fourth quarter valued at about $29,000. FNY Investment Advisers LLC bought a new position in shares of Unilever during the third quarter valued at about $29,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Unilever by 141.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 514 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

NYSE UL opened at $57.53 on Thursday. Unilever PLC has a 52-week low of $54.95 and a 52-week high of $74.97. The company has a 50-day simple moving average of $60.09 and a 200 day simple moving average of $65.07.

Unilever (NYSE:UL) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.00). The company had revenue of $11.87 billion for the quarter, compared to analyst estimates of $31.39 billion. As a group, analysts anticipate that Unilever PLC will post 3.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UL. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Weiss Ratings lowered shares of Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 31st. Argus raised shares of Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $65.55.

Unilever 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.