Platform Technology Partners Cuts Stock Holdings in Unilever PLC (NYSE:UL)

Platform Technology Partners cut its stake in Unilever PLC (NYSE:UL) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,021 shares of the company’s stock after selling 283 shares during the period. Platform Technology Partners’ holdings in Unilever were worth $285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV raised its holdings in Unilever by 7.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock worth $181,000 after purchasing an additional 181 shares in the last quarter. Timber Creek Capital Management LLC raised its stake in shares of Unilever by 0.5% during the 3rd quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock worth $2,568,000 after buying an additional 182 shares in the last quarter. Alhambra Investment Management LLC lifted its holdings in shares of Unilever by 4.2% in the 4th quarter. Alhambra Investment Management LLC now owns 4,586 shares of the company’s stock valued at $260,000 after buying an additional 186 shares during the period. Phillips Wealth Planners LLC boosted its stake in shares of Unilever by 2.2% in the fourth quarter. Phillips Wealth Planners LLC now owns 8,970 shares of the company’s stock valued at $495,000 after buying an additional 193 shares in the last quarter. Finally, Good Life Advisors LLC grew its holdings in Unilever by 4.5% during the third quarter. Good Life Advisors LLC now owns 4,536 shares of the company’s stock worth $295,000 after acquiring an additional 196 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Unilever Trading Up 0.4 %

UL stock opened at $58.28 on Friday. The company’s 50 day simple moving average is $57.36 and its 200-day simple moving average is $60.36. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87.

Unilever 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.