Guyasuta Investment Advisors Inc. Sells 8,442 Shares of Unilever PLC $UL

Guyasuta Investment Advisors Inc. lowered its stake in Unilever PLC (NYSE:UL) by 9.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,561 shares of the company’s stock after selling 8,442 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Unilever were worth $4,710,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Financial Life Planners purchased a new stake in shares of Unilever in the 1st quarter valued at approximately $25,000. Tompkins Financial Corp acquired a new position in shares of Unilever in the 3rd quarter worth approximately $27,000. Whipplewood Advisors LLC acquired a new position in shares of Unilever in the 1st quarter worth approximately $29,000. Essential Partners LLC boosted its position in shares of Unilever by 125.5% during the 1st quarter. Essential Partners LLC now owns 602 shares of the company’s stock worth $34,000 after purchasing an additional 335 shares during the period. Finally, Reflection Asset Management purchased a new position in shares of Unilever during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 1.2%

Shares of UL opened at $64.63 on Friday. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97. The stock has a 50-day simple moving average of $62.76 and a 200-day simple moving average of $60.42.

Unilever (NYSE:UL) last released its earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The company had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $14.80 billion. As a group, equities analysts predict that Unilever PLC will post 3.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UL has been the subject of several research reports. TD Cowen dropped their target price on shares of Unilever from $76.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday. Weiss Ratings raised Unilever from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. UBS Group restated a “sell” rating on shares of Unilever in a research note on Monday, August 3rd. Morningstar lowered Unilever to a “hold” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Unilever in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.37.

Unilever Company Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann’s and Magnum, although product availability varies by market.

The company’s products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.