Bank of New York Mellon Corp lifted its holdings in Unilever PLC (NYSE:UL - Free Report) by 11.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 943,718 shares of the company's stock after acquiring an additional 100,490 shares during the quarter. Bank of New York Mellon Corp's holdings in Unilever were worth $56,736,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in UL. Brighton Jones LLC grew its stake in shares of Unilever by 5.4% during the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company's stock valued at $599,000 after buying an additional 539 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Unilever by 4.7% in the 1st quarter. AQR Capital Management LLC now owns 35,007 shares of the company's stock valued at $2,085,000 after acquiring an additional 1,587 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Unilever by 39.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 15,848 shares of the company's stock valued at $969,000 after acquiring an additional 4,501 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Unilever by 70.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 378,313 shares of the company's stock valued at $23,141,000 after acquiring an additional 156,404 shares during the period. Finally, Sei Investments Co. grew its position in Unilever by 17.4% during the 2nd quarter. Sei Investments Co. now owns 427,577 shares of the company's stock worth $26,155,000 after acquiring an additional 63,376 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.
Unilever Stock Down 0.2%
Shares of UL stock opened at $65.02 on Thursday. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97. The business's fifty day moving average is $62.18 and its 200 day moving average is $61.88.
Unilever (NYSE:UL - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($1.25). The firm had revenue of $14.62 billion for the quarter, compared to analysts' expectations of $14.80 billion. Analysts forecast that Unilever PLC will post 3.51 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have weighed in on UL. Zacks Research upgraded Unilever from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. 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 note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Unilever currently has an average rating of "Hold" and an average target price of $65.55.
View Our Latest Research Report on Unilever
About Unilever
(
Free Report)
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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