Kornitzer Capital Management Inc. KS lowered its stake in Unilever N.V. (NYSE:UL) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,465 shares of the company’s stock after selling 690 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Unilever were worth $2,192,000 at the end of the most recent quarter.
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Other hedge funds also recently modified their holdings of the company. CX Institutional purchased a new position in shares of Unilever during the 2nd quarter worth $25,000. Ropes Wealth Advisors LLC purchased a new position in shares of Unilever during the 2nd quarter valued at $26,000. Golden State Wealth Management LLC lifted its stake in shares of Unilever by 1,132.5% during the 3rd quarter. Golden State Wealth Management LLC now owns 493 shares of the company’s stock valued at $30,000 after buying an additional 453 shares in the last quarter. Lenox Wealth Management Inc. lifted its stake in shares of Unilever by 225.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 566 shares of the company’s stock valued at $35,000 after buying an additional 392 shares in the last quarter. Finally, Atwater Malick LLC purchased a new position in shares of Unilever during the 3rd quarter valued at $35,000. Institutional investors own 7.07% of the company’s stock.
NYSE:UL traded down $0.27 on Friday, reaching $59.03. The stock had a trading volume of 640,009 shares, compared to its average volume of 773,586. The firm’s fifty day moving average is $59.60 and its two-hundred day moving average is $61.06. The company has a market cap of $69.29 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.44 and a beta of 0.52. Unilever N.V. has a 12-month low of $50.80 and a 12-month high of $64.84.
A number of research analysts recently weighed in on UL shares. Goldman Sachs Group upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a research note on Saturday, September 21st. Finally, Barclays restated a “sell” rating on shares of Unilever in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $66.00.
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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