Bank of America Corp DE Has $379.50 Million Stock Position in Unilever PLC $UL

Bank of America Corp DE increased its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 16.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,661,426 shares of the company's stock after purchasing an additional 937,346 shares during the period. Bank of America Corp DE owned 0.30% of Unilever worth $379,501,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Unilever during the fourth quarter worth $268,704,000. Lazard Asset Management LLC lifted its stake in shares of Unilever by 674.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company's stock worth $159,208,000 after buying an additional 2,433,625 shares during the last quarter. Norges Bank acquired a new stake in shares of Unilever during the 4th quarter worth about $132,027,000. Federated Hermes Inc. boosted its holdings in shares of Unilever by 944.7% during the 4th quarter. Federated Hermes Inc. now owns 1,417,108 shares of the company's stock worth $92,679,000 after buying an additional 1,281,465 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Unilever during the 1st quarter worth about $67,107,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Wall Street Analyst Weigh In

UL has been the topic of several research analyst reports. Weiss Ratings raised shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a report on Thursday. Jefferies Financial Group restated an "underperform" rating on shares of Unilever in a report on Monday, July 6th. TD Cowen reaffirmed a "buy" rating on shares of Unilever in a research report on Wednesday. Zacks Research upgraded Unilever from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada raised Unilever from an "underperform" rating to a "sector perform" rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $65.55.

Unilever Price Performance

Shares of NYSE:UL opened at $63.53 on Monday. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97. The business's 50 day simple moving average is $59.96 and its 200 day simple moving average is $62.32.

About Unilever

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever's corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever's business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.

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