Gabelli Funds LLC Sells 3,410 Shares of Unilever PLC (NYSE:UL)

Gabelli Funds LLC cut its holdings in Unilever PLC (NYSE:UL) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 167,292 shares of the company’s stock after selling 3,410 shares during the period. Gabelli Funds LLC’s holdings in Unilever were worth $8,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quilter Plc bought a new position in Unilever in the 1st quarter valued at approximately $244,998,000. Syverson Strege & Co bought a new position in shares of Unilever during the 1st quarter valued at $25,000. Fortis Capital Advisors LLC bought a new position in shares of Unilever during the 4th quarter valued at $26,000. Ten Capital Wealth Advisors LLC lifted its holdings in shares of Unilever by 3,005.3% during the 1st quarter. Ten Capital Wealth Advisors LLC now owns 590 shares of the company’s stock valued at $31,000 after buying an additional 571 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Unilever by 204.6% during the 1st quarter. Covestor Ltd now owns 667 shares of the company’s stock valued at $30,000 after buying an additional 448 shares during the period. 9.94% of the stock is owned by institutional investors.

Unilever Price Performance

NYSE:UL opened at $46.98 on Tuesday. The firm has a market capitalization of $118.06 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 3.33 and a beta of 0.45. Unilever PLC has a one year low of $46.16 and a one year high of $55.99. The business has a fifty day moving average price of $48.62 and a 200-day moving average price of $50.69.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Saturday. Barclays raised Unilever from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 9th. Finally, Bank of America began coverage on Unilever in a research note on Wednesday, October 11th. They issued an “underperform” rating for the company.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. 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, which includes the vitamins, minerals, and supplements.