Keystone Financial Services Buys 2,522 Shares of Unilever PLC $UL

Keystone Financial Services raised its stake in Unilever PLC (NYSE:UL) by 19.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,213 shares of the company’s stock after buying an additional 2,522 shares during the period. Keystone Financial Services’ holdings in Unilever were worth $931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. N.E.W. Advisory Services LLC purchased a new position in shares of Unilever in the first quarter valued at about $30,000. Brentview Investment Management LLC purchased a new position in Unilever during the 1st quarter valued at about $33,000. Richardson Financial Services Inc. raised its position in Unilever by 209.0% during the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after purchasing an additional 418 shares during the last quarter. Financial Connections Group Inc. bought a new position in Unilever during the 2nd quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC lifted its holdings in Unilever by 79.1% in the 2nd quarter. Golden State Wealth Management LLC now owns 736 shares of the company’s stock worth $45,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Zacks Research downgraded Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Wednesday. Finally, CICC Research started coverage on Unilever in a research report on Thursday, August 21st. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Stock Up 0.9%

Shares of NYSE:UL opened at $61.49 on Friday. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66. The stock’s fifty day moving average price is $61.35 and its 200-day moving average price is $61.76.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.