Comerica Bank Sells 2,510 Shares of Unilever N.V. (NYSE:UL)

Comerica Bank decreased its position in Unilever N.V. (NYSE:UL) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 70,534 shares of the company’s stock after selling 2,510 shares during the quarter. Comerica Bank’s holdings in Unilever were worth $4,214,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UL. Thoroughbred Financial Services LLC boosted its holdings in Unilever by 5,957.8% in the second quarter. Thoroughbred Financial Services LLC now owns 1,218,640 shares of the company’s stock valued at $121,864,000 after acquiring an additional 1,198,523 shares during the last quarter. Jane Street Group LLC boosted its holdings in Unilever by 807.1% during the second quarter. Jane Street Group LLC now owns 642,423 shares of the company’s stock worth $39,923,000 after buying an additional 571,602 shares during the last quarter. Foundry Partners LLC bought a new position in Unilever during the third quarter worth about $8,808,000. Gabalex Capital Management LLC bought a new position in Unilever during the second quarter worth about $7,746,000. Finally, SG Americas Securities LLC bought a new position in Unilever during the second quarter worth about $5,565,000. Institutional investors and hedge funds own 7.05% of the company’s stock.

UL has been the topic of a number of recent analyst reports. Barclays restated a “sell” rating on shares of Unilever in a report on Tuesday, September 10th. Goldman Sachs Group upgraded Unilever from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, Zacks Investment Research upgraded Unilever from a “sell” rating to a “hold” rating in a report on Saturday, September 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.00.

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Shares of Unilever stock opened at $59.96 on Friday. The business’s 50 day simple moving average is $59.70 and its 200 day simple moving average is $61.04. Unilever N.V. has a 52-week low of $50.80 and a 52-week high of $64.84. The firm has a market cap of $69.46 billion, a PE ratio of 21.65, a P/E/G ratio of 2.44 and a beta of 0.52.

Unilever Company Profile

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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Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever N.V. (NYSE:UL).

Institutional Ownership by Quarter for Unilever (NYSE:UL)

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