Gabalex Capital Management LLC bought a new stake in Unilever N.V. (NYSE:UL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 125,000 shares of the company’s stock, valued at approximately $7,746,000. Unilever comprises 2.0% of Gabalex Capital Management LLC’s investment portfolio, making the stock its 15th biggest position.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its position in Unilever by 2.3% during the 4th quarter. BlackRock Inc. now owns 87,444 shares of the company’s stock valued at $4,569,000 after purchasing an additional 1,975 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Unilever by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 34,902 shares of the company’s stock valued at $1,823,000 after acquiring an additional 4,630 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Unilever by 259.0% during the 4th quarter. Millennium Management LLC now owns 64,807 shares of the company’s stock valued at $3,386,000 after acquiring an additional 46,753 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Unilever during the 1st quarter valued at about $556,000. Finally, Allred Capital Management LLC purchased a new stake in shares of Unilever during the 1st quarter valued at about $208,000. Institutional investors own 7.03% of the company’s stock.
Shares of NYSE UL traded up $0.58 during trading on Thursday, reaching $60.04. 140,965 shares of the company traded hands, compared to its average volume of 599,435. The firm’s 50 day moving average price is $61.52. The stock has a market capitalization of $69.50 billion, a PE ratio of 21.66, a PEG ratio of 2.53 and a beta of 0.55. Unilever N.V. has a 52-week low of $50.80 and a 52-week high of $64.10.
A number of analysts have recently issued reports on UL shares. Credit Suisse Group raised shares of Unilever from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. DZ Bank downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. HSBC started coverage on shares of Unilever in a report on Friday, June 28th. They set a “hold” rating on the stock. Finally, Zacks Investment Research downgraded shares of Unilever from a “hold” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $66.00.
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.
Further Reading: What is the Difference Between Common Shares and Convertible Shares?
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