tru Independence LLC Reduces Position in Unilever PLC (NYSE:UL)

tru Independence LLC reduced its stake in Unilever PLC (NYSE:UL) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,976 shares of the company’s stock after selling 6,795 shares during the period. Unilever makes up about 1.6% of tru Independence LLC’s holdings, making the stock its 24th largest holding. tru Independence LLC’s holdings in Unilever were worth $5,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in UL. E Fund Management Hong Kong Co. Ltd. bought a new stake in Unilever during the 3rd quarter worth approximately $35,000. Jamison Private Wealth Management Inc. raised its position in shares of Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after buying an additional 405 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Unilever in the third quarter worth $40,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Unilever in the fourth quarter worth $40,000. Finally, Coastline Trust Co purchased a new stake in shares of Unilever in the 3rd quarter valued at about $48,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Performance

Shares of NYSE:UL opened at $57.63 on Monday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The stock’s 50-day moving average is $57.50 and its 200 day moving average is $60.38.

Analyst Upgrades and Downgrades

UL has been the topic of several recent analyst reports. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Unilever has an average rating of “Hold” and an average 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.