Cardinal Capital Management Inc. Raises Holdings in Unilever PLC $UL

Key Points

• Cardinal Capital Management increased its Unilever position by 6.3% in the second quarter, adding 26,101 shares to own 441,818 shares valued at approximately $26.6 million.
• Other institutional investors also established new positions, while hedge funds and institutional investors collectively own 9.67% of Unilever’s stock.
• Unilever shares opened at $62.33, within a 12-month range of $54.75 to $74.97. Analysts have a consensus “Hold” rating and an average price target of $65.55.

Cardinal Capital Management Inc. lifted its position in Unilever PLC (NYSE:UL - Free Report) by 6.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 441,818 shares of the company's stock after purchasing an additional 26,101 shares during the quarter. Cardinal Capital Management Inc.'s holdings in Unilever were worth $26,562,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in Unilever in the 4th quarter worth approximately $25,000. Financial Life Planners purchased a new stake in shares of Unilever during the 1st quarter worth approximately $25,000. Palisade Asset Management LLC bought a new position in shares of Unilever during the 3rd quarter valued at approximately $25,000. Bard Associates Inc. bought a new position in shares of Unilever during the 4th quarter valued at approximately $27,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Unilever in the first quarter valued at $29,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Price Performance

Shares of UL opened at $62.33 on Wednesday. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The firm has a fifty day moving average price of $60.89 and a 200-day moving average price of $62.26.

Analysts Set New Price Targets

Several brokerages recently weighed in on UL. Zacks Research upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a research report on Monday, July 6th. TD Cowen reissued a "buy" rating on shares of Unilever in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada upgraded shares of Unilever from an "underperform" rating to a "sector perform" rating in a research 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 issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $65.55.

Unilever Company Profile

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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