Augustine Asset Management Inc. Cuts Stock Holdings in Unilever PLC (NYSE:UL)

Augustine Asset Management Inc. reduced its stake in Unilever PLC (NYSE:UL) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,546 shares of the company’s stock after selling 371 shares during the period. Augustine Asset Management Inc.’s holdings in Unilever were worth $258,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UL. New Republic Capital LLC purchased a new position in shares of Unilever during the fourth quarter valued at about $236,000. Principle Wealth Partners LLC boosted its stake in Unilever by 4.8% during the fourth quarter. Principle Wealth Partners LLC now owns 8,874 shares of the company’s stock valued at $503,000 after buying an additional 405 shares during the last quarter. Arlington Partners LLC grew its holdings in Unilever by 7.5% during the 4th quarter. Arlington Partners LLC now owns 74,367 shares of the company’s stock valued at $4,217,000 after buying an additional 5,218 shares in the last quarter. Savant Capital LLC increased its stake in Unilever by 23.0% in the 4th quarter. Savant Capital LLC now owns 17,927 shares of the company’s stock worth $1,016,000 after acquiring an additional 3,350 shares during the last quarter. Finally, Tevis Investment Management increased its stake in Unilever by 0.3% in the 4th quarter. Tevis Investment Management now owns 82,280 shares of the company’s stock worth $4,665,000 after acquiring an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Ratings Changes

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

Unilever Price Performance

Shares of UL opened at $58.86 on Wednesday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The company’s fifty day simple moving average is $57.30 and its 200-day simple moving average is $60.40.

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.