66,985 Shares of Unilever PLC $UL Purchased by Bonness Enterprises Inc.

Key Points

• Bonness Enterprises acquired 66,985 Unilever shares worth approximately $4.07 million in the third quarter, making Unilever its 18th-largest holding and 0.8% of its portfolio.
• Several institutional investors increased their Unilever positions, while institutional ownership stood at 9.67% of the company’s stock.
• Analysts’ consensus rating remains “Hold”, with a target price of $65.55. Unilever shares recently traded at $61.89, while its latest quarterly earnings missed consensus estimates.

Bonness Enterprises Inc. acquired a new stake in Unilever PLC (NYSE:UL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 66,985 shares of the company's stock, valued at approximately $4,068,000. Unilever accounts for about 0.8% of Bonness Enterprises Inc.'s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Gradient Investments LLC lifted its holdings in Unilever by 4.6% during the 3rd quarter. Gradient Investments LLC now owns 90,135 shares of the company's stock worth $5,474,000 after buying an additional 3,927 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Unilever by 7.9% in the third quarter. Valeo Financial Advisors LLC now owns 11,052 shares of the company's stock worth $671,000 after acquiring an additional 807 shares in the last quarter. Cooper Financial Group increased its position in shares of Unilever by 6.6% during the third quarter. Cooper Financial Group now owns 4,391 shares of the company's stock worth $267,000 after acquiring an additional 271 shares during the period. Canandaigua National Bank & Trust Co. purchased a new stake in shares of Unilever during the third quarter worth $249,000. Finally, Rosenberg Matthew Hamilton raised its stake in shares of Unilever by 21.7% in the third quarter. Rosenberg Matthew Hamilton now owns 4,827 shares of the company's stock valued at $293,000 after acquiring an additional 861 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on UL. Weiss Ratings raised Unilever from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, September 16th. TD Cowen reaffirmed a "buy" rating on shares of Unilever in a research report on Wednesday, July 29th. Zacks Research upgraded Unilever from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $65.55.

Unilever Stock Performance

Shares of UL stock traded up $0.91 on Thursday, reaching $61.89. 2,978,798 shares of the stock were exchanged, compared to its average volume of 4,053,858. The business's 50 day moving average price is $62.82 and its 200 day moving average price is $60.32. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97.

Unilever (NYSE:UL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($1.25). The business had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $14.80 billion. Sell-side analysts predict that Unilever PLC will post 3.54 earnings per share for the current fiscal year.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.