Great Lakes Retirement Inc. raised its stake in Unilever PLC (NYSE:UL – Free Report) by 129.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 46,497 shares of the company’s stock after acquiring an additional 26,202 shares during the period. Great Lakes Retirement Inc.’s holdings in Unilever were worth $2,824,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of UL. Bank of America Corp DE raised its stake in shares of Unilever by 16.4% during the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after purchasing an additional 937,346 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Unilever by 13.6% during the first quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock worth $193,915,000 after purchasing an additional 406,610 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Unilever by 674.2% during the first quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock worth $159,208,000 after purchasing an additional 2,433,625 shares during the period. Hamlin Capital Management LLC lifted its holdings in shares of Unilever by 11.6% during the second quarter. Hamlin Capital Management LLC now owns 2,722,721 shares of the company’s stock worth $163,690,000 after purchasing an additional 282,076 shares during the period. Finally, Equity Investment Corp grew its position in Unilever by 2.4% in the 2nd quarter. Equity Investment Corp now owns 1,996,952 shares of the company’s stock valued at $120,057,000 after buying an additional 46,801 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.
Unilever Trading Down 0.8%
Shares of UL opened at $65.08 on Wednesday. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97. The company has a 50-day simple moving average of $63.25 and a 200-day simple moving average of $62.61.
Unilever (NYSE:UL – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The company had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $14.80 billion. As a group, research analysts anticipate that Unilever PLC will post 3.57 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on UL. Weiss Ratings raised shares of Unilever from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. DZ Bank restated a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. JPMorgan Chase & Co. restated a “buy” rating on shares of Unilever in a research note on Thursday, September 24th. Morningstar downgraded shares of Unilever to a “hold” rating in a report on Thursday, July 30th. Finally, TD Cowen lowered their target price on shares of Unilever from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Hold” and a consensus price target of $68.37.
Check Out Our Latest Analysis on UL
Unilever Company Profile
Unilever PLC is a global consumer goods company headquartered in London, England. It develops, markets and sells branded products used in households and personal care, with operations serving consumers across developed and emerging markets worldwide.
The company’s portfolio includes beauty and wellbeing products, personal care items, home care products, and foods and refreshments. Its brands include Dove, Vaseline, Axe, TRESemmé, Cif, OMO, Persil, Knorr, Hellmann’s and Ben & Jerry’s, although product offerings vary by market.
Unilever was formed in 1929 through the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie.
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