Todd Asset Management LLC Decreases Stock Position in Unilever PLC $UL

Todd Asset Management LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,172 shares of the company’s stock after selling 27,191 shares during the period. Todd Asset Management LLC’s holdings in Unilever were worth $7,074,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new position in Unilever during the fourth quarter worth $25,000. Palisade Asset Management LLC purchased a new stake in shares of Unilever in the third quarter valued at $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Unilever during the fourth quarter valued at $29,000. Asset Dedication LLC boosted its stake 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 acquiring an additional 248 shares during the last quarter. Finally, Financial Life Planners purchased a new stake in Unilever during the 3rd quarter worth about $30,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UL has been the subject of a number of analyst reports. Argus raised shares of Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Kepler Capital Markets downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft lowered Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.55.

Unilever Stock Performance

Unilever stock opened at $57.33 on Tuesday. Unilever PLC has a 1 year low of $54.95 and a 1 year high of $74.97. The firm’s 50-day moving average is $58.56 and its 200-day moving average is $64.41.

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.