Avidian Wealth Enterprises LLC Trims Position in Unilever PLC (NYSE:UL)

Avidian Wealth Enterprises LLC lessened its stake in shares of Unilever PLC (NYSE:UL) by 1.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,874 shares of the company’s stock after selling 249 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Unilever were worth $1,070,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Stonegate Investment Group LLC boosted its position in shares of Unilever by 155.2% during the 4th quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock valued at $477,000 after acquiring an additional 5,117 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Unilever by 16.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after acquiring an additional 15,941 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Unilever during the 3rd quarter valued at about $11,694,000. WCM Investment Management LLC boosted its position in shares of Unilever by 236.2% during the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after acquiring an additional 21,441 shares during the last quarter. Finally, Radnor Capital Management LLC bought a new stake in shares of Unilever during the 3rd quarter valued at about $1,388,000. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 0.3 %

Shares of UL stock opened at $59.09 on Thursday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The stock has a 50 day moving average price of $57.29 and a two-hundred day moving average price of $60.39.

Wall Street Analysts Forecast Growth

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

About Unilever

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.