Hanson & Doremus Investment Management Trims Holdings in Unilever PLC (NYSE:UL)

Hanson & Doremus Investment Management lowered its stake in Unilever PLC (NYSE:UL) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,573 shares of the company’s stock after selling 863 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Unilever were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in UL. Thrivent Financial for Lutherans increased its stake in Unilever by 4.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 13,538 shares of the company’s stock worth $744,000 after acquiring an additional 536 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Unilever in the second quarter worth approximately $594,000. NewEdge Advisors LLC raised its stake in Unilever by 15.1% in the second quarter. NewEdge Advisors LLC now owns 44,649 shares of the company’s stock valued at $2,455,000 after purchasing an additional 5,846 shares in the last quarter. Clearbridge Investments LLC lifted its position in Unilever by 598.7% during the second quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock valued at $71,555,000 after purchasing an additional 1,114,992 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Unilever in the 2nd quarter worth approximately $5,417,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 0.3 %

Shares of UL stock opened at $57.29 on Thursday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The stock has a 50 day moving average price of $57.50 and a two-hundred day moving average price of $60.39.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on UL. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a 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 equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Company 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.