Abel Hall LLC bought a new stake in Unilever PLC (NYSE:UL – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,861 shares of the company’s stock, valued at approximately $538,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Corient Private Wealth LP raised its stake in Unilever by 21.2% during the second quarter. Corient Private Wealth LP now owns 533,030 shares of the company’s stock worth $32,046,000 after purchasing an additional 93,161 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Unilever by 4.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 842,507 shares of the company’s stock valued at $50,652,000 after buying an additional 36,567 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Unilever in the 2nd quarter valued at approximately $10,344,000. Saturna Capital Corp grew its stake in shares of Unilever by 38.0% in the 1st quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock valued at $45,252,000 after buying an additional 218,767 shares during the period. Finally, Diversify Wealth Management LLC increased its holdings in shares of Unilever by 77.6% during the 1st quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock worth $2,226,000 after buying an additional 17,093 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently commented on UL shares. UBS Group reaffirmed a “sell” rating on shares of Unilever in a research report on Monday, August 3rd. TD Cowen decreased their price objective on Unilever from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Sanford C. Bernstein reiterated a “buy” rating on shares of Unilever in a research report on Wednesday, September 30th. Zacks Research upgraded Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $68.37.
Get Our Latest Stock Analysis on Unilever
Unilever Trading Down 1.5%
UL stock traded down $0.98 during mid-day trading on Monday, hitting $65.18. 2,770,332 shares of the company were exchanged, compared to its average volume of 4,039,271. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The business has a fifty day simple moving average of $62.82 and a 200-day simple moving average of $60.47.
Unilever (NYSE:UL – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The firm had revenue of $14.62 billion for the quarter, compared to analyst estimates of $14.80 billion. On average, analysts predict that Unilever PLC will post 3.57 EPS for the current year.
Unilever 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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