Cardinal Capital Management Inc. lifted its stake in Unilever PLC (NYSE:UL – Free Report) by 2.0% in the third quarter, HoldingsChannel.com reports. The firm owned 450,494 shares of the company’s stock after purchasing an additional 8,676 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Unilever were worth $27,359,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the stock. Financial Life Planners acquired a new position in Unilever during the 1st quarter worth $25,000. Tompkins Financial Corp acquired a new stake in shares of Unilever in the 3rd quarter valued at $27,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Unilever in the 3rd quarter valued at $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Unilever in the 1st quarter valued at $29,000. Finally, Essential Partners LLC raised its position in shares of Unilever by 125.5% during the first quarter. Essential Partners LLC now owns 602 shares of the company’s stock worth $34,000 after acquiring an additional 335 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.
Unilever Stock Up 2.3%
Shares of UL stock opened at $66.16 on Friday. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97. The firm’s 50 day moving average price is $62.82 and its two-hundred day moving average price is $60.46.
Unilever (NYSE:UL – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The business had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $14.80 billion. As a group, sell-side analysts expect that Unilever PLC will post 3.57 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on UL shares. Morningstar lowered Unilever to a “hold” rating in a research note on Thursday, July 30th. Zacks Research upgraded Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Unilever in a research report on Tuesday, July 28th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday. Finally, DZ Bank restated a “buy” rating on shares of Unilever in a research 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 issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $68.37.
Check Out Our Latest Research Report on Unilever
About Unilever
Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann’s and Magnum, although product availability varies by market.
The company’s products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.
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