Strategic Wealth Partners Ltd. Reduces Position in Unilever N.V. (NYSE:UL)

Strategic Wealth Partners Ltd. lessened its stake in shares of Unilever N.V. (NYSE:UL) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,398 shares of the company’s stock after selling 629 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Unilever were worth $272,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in UL. Strategy Asset Managers LLC purchased a new stake in shares of Unilever in the 1st quarter valued at $25,000. CX Institutional purchased a new stake in shares of Unilever in the 2nd quarter valued at $25,000. Ropes Wealth Advisors LLC purchased a new stake in shares of Unilever in the 2nd quarter valued at $26,000. Interactive Financial Advisors purchased a new stake in shares of Unilever in the 1st quarter valued at $29,000. Finally, Lenox Wealth Management Inc. boosted its holdings in shares of Unilever by 225.3% in the 2nd quarter. Lenox Wealth Management Inc. now owns 566 shares of the company’s stock valued at $35,000 after acquiring an additional 392 shares during the last quarter. 7.02% of the stock is currently owned by institutional investors.

Shares of UL traded down $0.62 during trading hours on Friday, hitting $61.09. The stock had a trading volume of 646,263 shares, compared to its average volume of 692,432. The firm has a 50-day moving average price of $61.30 and a 200 day moving average price of $59.23. Unilever N.V. has a fifty-two week low of $50.80 and a fifty-two week high of $64.10. The firm has a market capitalization of $72.11 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.62 and a beta of 0.55.

Several equities analysts recently issued reports on the stock. Credit Suisse Group upgraded shares of Unilever from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd. HSBC assumed coverage on shares of Unilever in a research note on Friday, June 28th. They issued a “hold” rating for the company. Finally, Zacks Investment Research cut shares of Unilever from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $66.00.

Unilever Profile

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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