As Unilever Plc (UL) Share Value Declined, Cambridge Trust Company Upped Position

April 17, 2018 - By Richard Conner

Unilever PLC (NYSE:UL) Logo

Cambridge Trust Company increased its stake in Unilever Plc (UL) by 102.69% based on its latest 2017Q4 regulatory filing with the SEC. Cambridge Trust Company bought 64,800 shares as the company’s stock declined 4.14% with the market. The institutional investor held 127,905 shares of the package goods and cosmetics company at the end of 2017Q4, valued at $7.08 million, up from 63,105 at the end of the previous reported quarter. Cambridge Trust Company who had been investing in Unilever Plc for a number of months, seems to be bullish on the $150.41B market cap company. The stock increased 0.21% or $0.12 during the last trading session, reaching $56.21. About 579,080 shares traded. Unilever PLC (NYSE:UL) has risen 5.35% since April 17, 2017 and is uptrending. It has underperformed by 6.20% the S&P500.

Cambridge Trust Company, which manages about $1.58 billion US Long portfolio, decreased its stake in Unilever Nv (NYSE:UN) by 64,449 shares to 388,841 shares, valued at $21.90 million in 2017Q4, according to the filing. It also reduced its holding in Adobe Systems Inc (NASDAQ:ADBE) by 29,648 shares in the quarter, leaving it with 152,360 shares, and cut its stake in Anheuser (NYSE:BUD).

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