True Freedom Investing LLC lifted its stake in shares of Unilever PLC (NYSE:UL – Free Report) by 12.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 89,287 shares of the company’s stock after buying an additional 10,093 shares during the quarter. True Freedom Investing LLC’s holdings in Unilever were worth $5,422,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE grew its position 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 valued at $379,501,000 after acquiring an additional 937,346 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Unilever by 13.6% during the first quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock valued at $193,915,000 after purchasing an additional 406,610 shares during the period. Hamlin Capital Management LLC lifted its position in shares of Unilever by 11.6% during the second 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 lifted its position 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 worth $159,208,000 after purchasing an additional 2,433,625 shares in the last quarter. Finally, Equity Investment Corp boosted its stake in shares of Unilever by 2.4% in the second quarter. Equity Investment Corp now owns 1,996,952 shares of the company’s stock valued at $120,057,000 after purchasing an additional 46,801 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.
Unilever Stock Up 0.1%
Shares of UL stock opened at $65.32 on Monday. Unilever PLC has a one year low of $54.75 and a one year high of $74.97. The company’s 50-day simple moving average is $63.35 and its 200-day simple moving average is $62.62.
Analyst Ratings Changes
UL has been the topic of several analyst reports. Weiss Ratings raised shares of Unilever from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Morningstar downgraded Unilever to a “hold” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Unilever in a research report on Thursday, September 24th. TD Cowen dropped their target price on Unilever from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Finally, Zacks Research upgraded Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Unilever has an average rating of “Hold” and an average target price of $68.37.
Check Out Our Latest Analysis on UL
Unilever Company 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.
Further Reading
- Five stocks we like better than Unilever
- SK hynix Says Memory Demand Beats Supply Through 2030—What It Means for Micron and SanDisk
- STMicroelectronics Could Reach New Highs—Here’s What Needs to Happen
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
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.
