Narwhal Capital Management Decreases Holdings in Unilever PLC (NYSE:UL)

Narwhal Capital Management cut its holdings in Unilever PLC (NYSE:UL) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,185 shares of the company’s stock after selling 199 shares during the period. Narwhal Capital Management’s holdings in Unilever were worth $1,485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jennison Associates LLC raised its holdings in Unilever by 981.6% during the 3rd quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock valued at $134,868,000 after buying an additional 1,884,216 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Unilever by 598.7% in the second quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock worth $71,555,000 after buying an additional 1,114,992 shares during the period. Fisher Asset Management LLC boosted its position in shares of Unilever by 7.1% during the third quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock valued at $1,086,547,000 after purchasing an additional 1,114,177 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Unilever by 493.4% during the 3rd quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock valued at $71,785,000 after buying an additional 918,841 shares in the last quarter. Finally, Icon Wealth Advisors LLC boosted its stake in Unilever by 7,466.0% during the third quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $40,897,000 after acquiring an additional 621,248 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL opened at $56.49 on Monday. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The business’s 50 day moving average is $57.50 and its 200 day moving average is $60.35.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UL shares. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three 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 assigned a strong buy rating to the stock. According to MarketBeat, Unilever 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.