Murphy Capital Management Inc. Cuts Position in Unilever N.V. (NYSE:UL)

Murphy Capital Management Inc. lessened its holdings in Unilever N.V. (NYSE:UL) by 10.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 17,563 shares of the company’s stock after selling 1,950 shares during the quarter. Murphy Capital Management Inc.’s holdings in Unilever were worth $1,088,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Inlet Private Wealth LLC boosted its holdings in Unilever by 16.9% in the 2nd quarter. Inlet Private Wealth LLC now owns 5,202 shares of the company’s stock worth $326,000 after buying an additional 752 shares during the last quarter. Lenox Wealth Management Inc. boosted its holdings in shares of Unilever by 225.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 566 shares of the company’s stock worth $35,000 after purchasing an additional 392 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Unilever by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 107,730 shares of the company’s stock worth $6,676,000 after purchasing an additional 2,706 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its holdings in shares of Unilever by 5.2% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 5,502 shares of the company’s stock worth $342,000 after purchasing an additional 274 shares during the last quarter. Finally, Hamilton Point Investment Advisors LLC boosted its holdings in shares of Unilever by 1.9% during the 2nd quarter. Hamilton Point Investment Advisors LLC now owns 97,145 shares of the company’s stock worth $6,020,000 after purchasing an additional 1,827 shares during the last quarter. Hedge funds and other institutional investors own 6.99% of the company’s stock.

UL has been the topic of several recent research reports. HSBC initiated coverage on Unilever in a report on Friday, June 28th. They set a “hold” rating on the stock. DZ Bank cut Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Credit Suisse Group upgraded Unilever from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $66.00.

Shares of Unilever stock traded down $0.54 on Friday, hitting $59.87. 678,825 shares of the company were exchanged, compared to its average volume of 508,758. The stock has a market cap of $70.25 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. The stock’s 50-day moving average is $62.30. Unilever N.V. has a 1-year low of $50.80 and a 1-year high of $64.10.

About Unilever

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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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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