First Eagle Investment Management LLC Acquires 36,567 Shares of Unilever PLC $UL

Key Points

• First Eagle Investment Management increased its Unilever stake by 4.5% in the second quarter, acquiring 36,567 shares and bringing its holdings to 842,507 shares valued at approximately $50.7 million.
• Institutional ownership remains significant, with hedge funds and other institutional investors holding 9.67% of Unilever’s stock; several firms, including Bank of America and Lazard Asset Management, also expanded their positions.
• Unilever shares opened at $64.19, near the analyst consensus target of $65.55. Analysts’ overall rating is “Hold,” while the company’s latest quarterly EPS and revenue came in below consensus estimates.

First Eagle Investment Management LLC increased its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 842,507 shares of the company's stock after acquiring an additional 36,567 shares during the quarter. First Eagle Investment Management LLC's holdings in Unilever were worth $50,652,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Saturna Capital Corp lifted its stake in Unilever by 38.0% in the first quarter. Saturna Capital Corp now owns 794,310 shares of the company's stock valued at $45,252,000 after purchasing an additional 218,767 shares during the last quarter. Diversify Wealth Management LLC raised its stake in shares of Unilever by 77.6% in the first quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company's stock valued at $2,226,000 after buying an additional 17,093 shares during the period. Bank of America Corp DE raised its stake in shares of 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 buying an additional 937,346 shares during the period. Lazard Asset Management LLC lifted its position 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 valued at $159,208,000 after buying an additional 2,433,625 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of Unilever by 135.1% during the 1st quarter. Arkadios Wealth Advisors now owns 31,179 shares of the company's stock worth $1,776,000 after acquiring an additional 17,918 shares during the period. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Trading Down 0.0%

NYSE:UL opened at $64.19 on Monday. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97. The business's fifty day moving average is $62.92 and its 200 day moving average is $61.46.

Unilever (NYSE:UL - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The business had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. Research analysts forecast that Unilever PLC will post 3.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UL shares. Zacks Research raised Unilever from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. TD Cowen reiterated a "buy" rating on shares of Unilever in a research report on Wednesday, July 29th. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a research note on Monday, July 6th. Finally, Weiss Ratings raised shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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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