Gabelli Funds LLC Has $3.60 Million Stock Holdings in Unilever PLC $UL

Gabelli Funds LLC cut its position in shares of Unilever PLC (NYSE:UL – Free Report) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,109 shares of the company’s stock after selling 9,356 shares during the period. Gabelli Funds LLC’s holdings in Unilever were worth $3,604,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in UL. Wellington Management Group LLP increased its position in Unilever by 9.3% during the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after buying an additional 2,935,227 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Unilever by 4.4% during the third quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock valued at $1,336,048,000 after buying an additional 959,269 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Unilever by 1.6% in the third quarter. Bank of America Corp DE now owns 5,773,638 shares of the company’s stock worth $342,261,000 after buying an additional 91,049 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Unilever by 3.5% in the third quarter. Envestnet Asset Management Inc. now owns 4,001,060 shares of the company’s stock worth $237,183,000 after buying an additional 133,776 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Unilever by 0.5% during the 3rd quarter. Raymond James Financial Inc. now owns 3,293,210 shares of the company’s stock worth $195,221,000 after acquiring an additional 17,763 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

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Unilever Stock Up 0.0%

Shares of UL stock opened at $57.71 on Friday. Unilever PLC has a one year low of $54.95 and a one year high of $74.97. The stock has a fifty day moving average price of $58.85 and a 200 day moving average price of $64.57.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Weiss Ratings downgraded shares of Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday. Finally, Argus upgraded shares of Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $65.55.

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About Unilever

(Free Report)

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.

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