Advisors Preferred LLC Makes New Investment in Unilever PLC (NYSE:UL)

Advisors Preferred LLC purchased a new position in Unilever PLC (NYSE:UL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,584 shares of the company's stock, valued at approximately $1,703,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mission Wealth Management LP boosted its position in shares of Unilever by 1.4% during the 1st quarter. Mission Wealth Management LP now owns 11,497 shares of the company's stock valued at $685,000 after acquiring an additional 159 shares during the last quarter. Essex Financial Services Inc. raised its holdings in Unilever by 1.0% during the 1st quarter. Essex Financial Services Inc. now owns 16,246 shares of the company's stock valued at $967,000 after buying an additional 168 shares during the period. SBI Securities Co. Ltd. raised its holdings in Unilever by 0.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company's stock valued at $1,280,000 after buying an additional 172 shares during the period. Cardinal Capital Management raised its holdings in Unilever by 0.4% during the 1st quarter. Cardinal Capital Management now owns 39,953 shares of the company's stock valued at $2,379,000 after buying an additional 176 shares during the period. Finally, Tyler Stone Wealth Management raised its holdings in Unilever by 2.8% during the 4th quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company's stock valued at $373,000 after buying an additional 180 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UL. BNP Paribas Exane began coverage on Unilever in a report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price target on the stock. UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, BNP Paribas upgraded Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $72.50.

Unilever Stock Performance

UL stock traded down $0.63 during trading on Friday, reaching $60.41. 1,685,305 shares of the company traded hands, compared to its average volume of 2,548,262. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.87. The business has a 50 day simple moving average of $62.00 and a 200 day simple moving average of $60.05. The company has a market capitalization of $148.21 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 3.87 and a beta of 0.41.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.