Gamble Jones Investment Counsel cut its position in Unilever N.V. (NYSE:UL) by 8.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,715 shares of the company’s stock after selling 1,132 shares during the period. Gamble Jones Investment Counsel’s holdings in Unilever were worth $704,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. CX Institutional acquired a new position in shares of Unilever in the second quarter valued at about $25,000. Ropes Wealth Advisors LLC acquired a new position in shares of Unilever in the second quarter valued at about $26,000. Golden State Wealth Management LLC increased its holdings in shares of Unilever by 1,132.5% in the third quarter. Golden State Wealth Management LLC now owns 493 shares of the company’s stock valued at $30,000 after purchasing an additional 453 shares during the period. Lenox Wealth Management Inc. increased its holdings in shares of Unilever by 225.3% in the second quarter. Lenox Wealth Management Inc. now owns 566 shares of the company’s stock valued at $35,000 after purchasing an additional 392 shares during the period. Finally, Atwater Malick LLC acquired a new position in shares of Unilever in the third quarter valued at about $35,000. 7.05% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on UL. Barclays reissued a “sell” rating on shares of Unilever in a report on Tuesday, September 10th. Zacks Investment Research raised Unilever from a “sell” rating to a “hold” rating in a report on Saturday, September 21st. Finally, Goldman Sachs Group raised Unilever from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $66.00.
Unilever stock traded up $0.29 during midday trading on Friday, hitting $59.96. 683,523 shares of the company were exchanged, compared to its average volume of 826,136. The firm has a market capitalization of $69.46 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.44 and a beta of 0.52. Unilever N.V. has a fifty-two week low of $50.80 and a fifty-two week high of $64.84. The business has a fifty day simple moving average of $59.70 and a two-hundred day simple moving average of $61.04.
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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