Kornitzer Capital Management Inc. KS decreased its stake in shares of Unilever PLC (NYSE:UL – Free Report) by 45.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 85,053 shares of the company’s stock after selling 70,077 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Unilever were worth $5,165,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in Unilever by 16.4% in the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after acquiring an additional 937,346 shares during the period. Royal Bank of Canada raised its stake in Unilever by 13.6% in the first quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock valued at $193,915,000 after buying an additional 406,610 shares during the last quarter. Hamlin Capital Management LLC boosted its stake in Unilever by 11.6% in the 2nd 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 in the last quarter. Lazard Asset Management LLC grew 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 valued at $159,208,000 after buying an additional 2,433,625 shares during the last quarter. Finally, Equity Investment Corp grew its holdings in shares of Unilever by 2.4% during the second 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. 9.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Royal Bank Of Canada restated a “sector perform” rating on shares of Unilever in a research note on Tuesday, July 28th. Sanford C. Bernstein reiterated a “buy” rating on shares of Unilever in a research note on Wednesday, September 30th. Morningstar downgraded Unilever to a “hold” rating in a research note on Thursday, July 30th. TD Cowen reduced their price objective on Unilever from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $68.37.
Read Our Latest Research Report on Unilever
Unilever Stock Down 0.0%
Unilever stock opened at $65.99 on Monday. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97. The business’s 50-day moving average price is $63.50 and its 200 day moving average price is $62.66.
Unilever Profile
Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann’s and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods.
The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.
Headquartered in London, Unilever operates as a UK-based public company.
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