Tectonic Advisors LLC Has $1.84 Million Stock Holdings in Unilever PLC (NYSE:UL)

Tectonic Advisors LLC cut its position in Unilever PLC (NYSE:UL) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,305 shares of the company’s stock after selling 3,074 shares during the period. Tectonic Advisors LLC’s holdings in Unilever were worth $1,839,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in UL. Mayflower Financial Advisors LLC grew its stake in Unilever by 4.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after buying an additional 167 shares in the last quarter. O Brien Greene & Co. Inc grew its stake in Unilever by 2.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after buying an additional 174 shares in the last quarter. Crewe Advisors LLC grew its stake in Unilever by 17.3% in the 2nd quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock valued at $65,000 after buying an additional 175 shares in the last quarter. Bailard Inc. grew its position in shares of Unilever by 1.2% during the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock valued at $826,000 after purchasing an additional 179 shares in the last quarter. Finally, Gallacher Capital Management LLC increased its holdings in shares of Unilever by 2.5% in the second quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company’s stock worth $417,000 after purchasing an additional 182 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UL has been the topic of several research analyst reports. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and upped their price target for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. TD Cowen assumed coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price on the stock. Finally, UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Unilever has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Up 2.7 %

Shares of NYSE:UL opened at $62.30 on Friday. The stock’s 50-day moving average price is $63.77 and its 200-day moving average price is $58.01. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.87.

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.