Heritage Way Advisors LLC Cuts Stake in Unilever PLC (UL)

Heritage Way Advisors LLC lowered its stake in shares of Unilever PLC (NYSE:UL) by 47.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,625 shares of the company’s stock after selling 14,050 shares during the period. Heritage Way Advisors LLC’s holdings in Unilever PLC were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Unilever PLC by 988.1% during the first quarter. FMR LLC now owns 175,445 shares of the company’s stock worth $8,657,000 after acquiring an additional 159,321 shares during the last quarter. Teachers Advisors LLC boosted its position in Unilever PLC by 48,716.1% during the first quarter. Teachers Advisors LLC now owns 199,658 shares of the company’s stock worth $9,851,000 after acquiring an additional 199,249 shares during the last quarter. TIAA CREF Investment Management LLC acquired a new position in Unilever PLC during the first quarter worth about $18,447,000. MARSHALL WACE ASIA Ltd acquired a new position in Unilever PLC during the first quarter worth about $251,000. Finally, Marshall Wace North America L.P. acquired a new position in Unilever PLC during the first quarter worth about $251,000. 7.32% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on UL. Zacks Investment Research upgraded shares of Unilever PLC from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Saturday, September 23rd. Morgan Stanley restated a “neutral” rating on shares of Unilever PLC in a research report on Wednesday, October 11th. UBS AG restated a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever PLC in a research report on Thursday, September 7th. Finally, Royal Bank Of Canada lowered shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $46.50.

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Unilever PLC (NYSE:UL) traded down 2.23% during trading on Friday, reaching $54.79. 2,438,731 shares of the company’s stock traded hands. The firm has a market capitalization of $154.10 billion, a PE ratio of 22.57 and a beta of 0.88. The firm has a 50 day moving average of $58.32 and a 200 day moving average of $55.38. Unilever PLC has a 1-year low of $38.58 and a 1-year high of $60.13.

About Unilever PLC

Unilever PLC is a fast-moving consumer goods (FMCG) company. The

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Unilever PLC by 988.1% during the first quarter. FMR LLC now owns 175,445 shares of the company’s stock worth $8,657,000 after acquiring an additional 159,321 shares during the last quarter. Teachers Advisors LLC boosted its position in Unilever PLC by 48,716.1% during the first quarter. Teachers Advisors LLC now owns 199,658 shares of the company’s stock worth $9,851,000 after acquiring an additional 199,249 shares during the last quarter. TIAA CREF Investment Management LLC acquired a new position in Unilever PLC during the first quarter worth about $18,447,000. MARSHALL WACE ASIA Ltd acquired a new position in Unilever PLC during the first quarter worth about $251,000. Finally, Marshall Wace North America L.P. acquired a new position in Unilever PLC during the first quarter worth about $251,000. 7.32% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on UL. Zacks Investment Research upgraded shares of Unilever PLC from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Saturday, September 23rd. Morgan Stanley restated a “neutral” rating on shares of Unilever PLC in a research report on Wednesday, October 11th. UBS AG restated a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever PLC in a research report on Thursday, September 7th. Finally, Royal Bank Of Canada lowered shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $46.50.

ILLEGAL ACTIVITY NOTICE: This report was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/20/heritage-way-advisors-llc-cuts-stake-in-unilever-plc-ul.html.

Unilever PLC (NYSE:UL) traded down 2.23% during trading on Friday, reaching $54.79. 2,438,731 shares of the company’s stock traded hands. The firm has a market capitalization of $154.10 billion, a PE ratio of 22.57 and a beta of 0.88. The firm has a 50 day moving average of $58.32 and a 200 day moving average of $55.38. Unilever PLC has a 1-year low of $38.58 and a 1-year high of $60.13.

About Unilever PLC

Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.

Institutional Ownership by Quarter for Unilever PLC (NYSE:UL)

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