Equity Investment Corp increased its position in shares of Unilever PLC (NYSE:UL – Free Report) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,996,952 shares of the company’s stock after buying an additional 46,801 shares during the period. Unilever comprises approximately 2.3% of Equity Investment Corp’s holdings, making the stock its 19th biggest holding. Equity Investment Corp’s holdings in Unilever were worth $120,057,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Unilever during the fourth quarter valued at $268,704,000. Lazard Asset Management LLC grew its stake in shares of Unilever by 674.2% in the 1st 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 last quarter. Norges Bank acquired a new stake in shares of Unilever during the fourth quarter worth $132,027,000. Federated Hermes Inc. lifted its position in shares of Unilever by 944.7% in the 4th quarter. Federated Hermes Inc. now owns 1,417,108 shares of the company’s stock valued at $92,679,000 after acquiring an additional 1,281,465 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Unilever in the 1st quarter valued at approximately $67,107,000. 9.67% of the stock is owned by institutional investors.
Unilever Stock Up 1.4%
UL opened at $62.11 on Wednesday. The business has a 50 day moving average of $61.48 and a 200-day moving average of $62.09. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on UL. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. TD Cowen restated a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $65.55.
Read Our Latest Stock Analysis on UL
Unilever Company Profile
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.
Recommended Stories
- Five stocks we like better than Unilever
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever PLC (NYSE:UL – Free Report).
Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.
