Sequoia Financial Advisors LLC Sells 95,487 Shares of Unilever PLC (NYSE:UL)

Sequoia Financial Advisors LLC cut its holdings in shares of Unilever PLC (NYSE:UL) by 78.9% during the third quarter, Holdings Channel.com reports. The fund owned 25,564 shares of the company’s stock after selling 95,487 shares during the period. Sequoia Financial Advisors LLC’s holdings in Unilever were worth $1,661,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Red Tortoise LLC purchased a new position in shares of Unilever in the first quarter worth $26,000. Quent Capital LLC bought a new stake in Unilever in the 1st quarter valued at $28,000. ST Germain D J Co. Inc. lifted its stake in Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC boosted its holdings in shares of Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Unilever during the 2nd quarter valued at about $30,000. 9.67% of the stock is owned by institutional investors.

Unilever Trading Up 2.7 %

Shares of Unilever stock opened at $62.30 on Friday. The stock has a 50 day moving average price of $63.77 and a 200-day moving average price of $58.01. Unilever PLC has a one year low of $46.16 and a one year high of $65.87.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. TD Cowen started coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. Finally, StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Three investment 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. Based on data from MarketBeat, Unilever presently has a consensus 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.