Assetmark Inc. Buys 23,460 Shares of Unilever PLC (NYSE:UL)

Assetmark Inc. boosted its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 30.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,610 shares of the company's stock after acquiring an additional 23,460 shares during the period. Assetmark Inc.'s holdings in Unilever were worth $5,991,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UL. Vermillion Wealth Management Inc. acquired a new stake in shares of Unilever in the 4th quarter valued at $30,000. Richardson Financial Services Inc. boosted its holdings in shares of Unilever by 209.0% in the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock valued at $37,000 after purchasing an additional 418 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Unilever in the 4th quarter valued at $43,000. Greenline Partners LLC acquired a new stake in shares of Unilever in the 4th quarter valued at $58,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Unilever in the 1st quarter valued at $63,000. Institutional investors own 9.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on UL. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. BNP Paribas Exane started coverage on Unilever in a report on Thursday, May 29th. They set an "outperform" rating and a $73.00 price objective on the stock. BNP Paribas raised Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Finally, Wall Street Zen downgraded Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Unilever has an average rating of "Moderate Buy" and an average target price of $72.50.

Unilever Stock Down 2.0%

NYSE UL opened at $59.22 on Tuesday. The company has a market cap of $145.30 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 3.84 and a beta of 0.41. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87. The business's fifty day moving average is $61.90 and its 200 day moving average is $60.17.

Unilever 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.

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