Diversified Management Inc. Has $387,000 Stock Holdings in Unilever PLC $UL

Key Points

• Diversified Management Inc. cut its Unilever stake by 82.8% in the second quarter, selling 31,043 shares and retaining 6,436 shares valued at approximately $387,000.
• Several major institutions increased their Unilever holdings, including Bank of America, Royal Bank of Canada and T. Rowe Price; institutional investors collectively own 9.67% of the company.
• Unilever shares opened at $62.33, while analysts maintain a consensus “Hold” rating with an average price target of $65.55.

Diversified Management Inc. decreased its stake in Unilever PLC (NYSE:UL - Free Report) by 82.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,436 shares of the company's stock after selling 31,043 shares during the period. Diversified Management Inc.'s holdings in Unilever were worth $387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UL. Bank of America Corp DE grew its stake in Unilever by 16.4% in the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company's stock valued at $379,501,000 after purchasing an additional 937,346 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Unilever during the 4th quarter worth approximately $268,704,000. Raymond James Financial Inc. raised its stake in shares of Unilever by 9.8% during the 4th quarter. Raymond James Financial Inc. now owns 3,616,603 shares of the company's stock worth $236,526,000 after purchasing an additional 323,393 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Unilever by 13.6% during the 1st quarter. Royal Bank of Canada now owns 3,403,807 shares of the company's stock worth $193,915,000 after purchasing an additional 406,610 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Unilever by 44.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company's stock valued at $200,625,000 after buying an additional 942,286 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Price Performance

NYSE:UL opened at $62.33 on Wednesday. The stock has a 50 day simple moving average of $60.89 and a 200 day simple moving average of $62.26. Unilever PLC has a 1-year low of $54.75 and a 1-year high of $74.97.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Royal Bank Of Canada raised shares of Unilever from an "underperform" rating to a "sector perform" rating in a research report on Tuesday, April 21st. Zacks Research upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a research note on Monday, July 6th. Finally, TD Cowen reissued a "buy" rating on shares of Unilever in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $65.55.

Unilever 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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