Cetera Investment Advisers Purchases 13,785 Shares of Unilever PLC (NYSE:UL)

Key Points

• Cetera Investment Advisers increased its holdings in Unilever PLC by 6.1%, now owning 239,802 shares worth approximately $14.28 million.
• Analysts have mixed opinions on Unilever, with ratings ranging from strong-buy to sell, leading to a consensus rating of 'Moderate Buy' and an average price target of $72.50.
• Unilever's stock performance shows a market capitalization of approximately $145.59 billion and a PE ratio of 17.00, with a 52-week high of $65.87.

Cetera Investment Advisers grew its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 6.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 239,802 shares of the company's stock after acquiring an additional 13,785 shares during the period. Cetera Investment Advisers' holdings in Unilever were worth $14,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vermillion Wealth Management Inc. purchased a new stake in shares of Unilever during the 4th quarter valued at approximately $30,000. Richardson Financial Services Inc. lifted its stake in Unilever by 209.0% in the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock worth $37,000 after purchasing an additional 418 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in Unilever in the 4th quarter worth approximately $43,000. Greenline Partners LLC purchased a new stake in Unilever in the 4th quarter worth approximately $58,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Unilever in the 1st quarter worth approximately $63,000. 9.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Unilever Trading Down 0.5%

NYSE UL traded down $0.30 during trading hours on Wednesday, hitting $59.03. 2,249,587 shares of the company's stock traded hands, compared to its average volume of 1,967,835. The business's fifty day moving average price is $61.83 and its two-hundred day moving average price is $60.16. The firm has a market capitalization of $144.84 billion, a P/E ratio of 16.91, a P/E/G ratio of 3.77 and a beta of 0.41. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.87.

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.