Platform Technology Partners Decreases Stake in Unilever PLC (NYSE:UL)

Platform Technology Partners decreased its holdings in Unilever PLC (NYSE:UL) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,021 shares of the company’s stock after selling 283 shares during the period. Platform Technology Partners’ holdings in Unilever were worth $285,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UL. Stonegate Investment Group LLC grew its holdings in shares of Unilever by 155.2% in the fourth quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock valued at $477,000 after purchasing an additional 5,117 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Unilever by 16.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after purchasing an additional 15,941 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of Unilever in the 3rd quarter valued at approximately $11,694,000. WCM Investment Management LLC increased its holdings 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 worth $1,997,000 after buying an additional 21,441 shares during the last quarter. Finally, Radnor Capital Management LLC purchased a new stake in shares of Unilever during the 3rd quarter valued at approximately $1,388,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of Unilever stock opened at $58.28 on Friday. The business has a 50-day moving average of $57.36 and a 200 day moving average of $60.36. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on UL shares. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Profile

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.