Bank of New York Mellon Corp Decreases Stock Holdings in Unilever PLC $UL

Bank of New York Mellon Corp lessened its position in shares of Unilever PLC (NYSE:UL) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 853,460 shares of the company’s stock after selling 81,344 shares during the quarter. Bank of New York Mellon Corp’s holdings in Unilever were worth $52,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. BCGM Wealth Management LLC increased its position in shares of Unilever by 2.5% during the second quarter. BCGM Wealth Management LLC now owns 14,773 shares of the company’s stock worth $904,000 after purchasing an additional 366 shares in the last quarter. Westside Investment Management Inc. grew its stake in Unilever by 28.7% during the 2nd quarter. Westside Investment Management Inc. now owns 1,445 shares of the company’s stock worth $88,000 after buying an additional 322 shares during the last quarter. Mission Wealth Management LP increased its position in Unilever by 3.3% during the 2nd quarter. Mission Wealth Management LP now owns 11,875 shares of the company’s stock valued at $726,000 after buying an additional 378 shares in the last quarter. Welch & Forbes LLC raised its stake in Unilever by 28.6% in the second quarter. Welch & Forbes LLC now owns 18,011 shares of the company’s stock valued at $1,102,000 after buying an additional 4,005 shares during the last quarter. Finally, Accuvest Global Advisors acquired a new stake in Unilever in the second quarter worth about $212,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE UL opened at $60.82 on Tuesday. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66. The company has a fifty day moving average of $61.30 and a 200 day moving average of $61.70.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a research report on Wednesday, October 8th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Wednesday, November 5th. Finally, CICC Research assumed coverage on shares of Unilever in a report on Thursday, August 21st. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.