Highland Capital Management LLC Lowers Holdings in Unilever PLC (NYSE:UL)

Highland Capital Management LLC reduced its stake in Unilever PLC (NYSE:UL) by 53.0% during the fourth quarter, HoldingsChannel reports. The fund owned 14,936 shares of the company’s stock after selling 16,840 shares during the period. Highland Capital Management LLC’s holdings in Unilever were worth $847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. bought a new position in Unilever in the 3rd quarter valued at approximately $35,000. Jamison Private Wealth Management Inc. lifted its holdings in shares of Unilever by 202.5% during the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Unilever during the third quarter valued at $40,000. Union Bancaire Privee UBP SA bought a new stake in Unilever in the 4th quarter worth about $40,000. Finally, Coastline Trust Co purchased a new position in Unilever in the 3rd quarter worth about $48,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Performance

NYSE:UL opened at $57.38 on Friday. The business has a fifty day moving average price of $57.51 and a 200-day moving average price of $60.35. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UL. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Finally, StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.75.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.