Fisher Asset Management LLC Purchases 464,998 Shares of Unilever PLC $UL

Key Points

• Fisher Asset Management increased its Unilever stake by 464,998 shares (1.9%) in the third quarter, bringing its holdings to 25.16 million shares, valued at about $1.53 billion.
• Institutional investors and hedge funds own 9.67% of Unilever; several other funds also initiated or expanded positions.
• Analysts’ consensus rating is Hold, with an average price target of $68.37. Shares opened at $66.02, within a 52-week range of $54.75 to $74.97.

Fisher Asset Management LLC boosted its position in shares of Unilever PLC (NYSE:UL - Free Report) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,158,470 shares of the company's stock after purchasing an additional 464,998 shares during the period. Fisher Asset Management LLC owned 1.17% of Unilever worth $1,527,874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Latitude Advisors LLC purchased a new stake in shares of Unilever during the 3rd quarter worth about $26,000. Tompkins Financial Corp bought a new stake in shares of Unilever in the 3rd quarter valued at approximately $27,000. West Financial Advisors LLC bought a new stake in shares of Unilever in the 3rd quarter valued at approximately $28,000. Pension & Wealth Management Advisors Inc. acquired a new position in Unilever in the third quarter worth approximately $30,000. Finally, Essential Partners LLC increased its holdings in Unilever by 125.5% in the first quarter. Essential Partners LLC now owns 602 shares of the company's stock worth $34,000 after buying an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Trading Up 0.4%

UL opened at $66.02 on Friday. The stock has a 50-day moving average of $63.62 and a 200-day moving average of $62.66. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UL. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research report on Monday, October 12th. Morningstar downgraded shares of Unilever to a "hold" rating in a research report on Thursday, July 30th. DZ Bank restated a "buy" rating on shares of Unilever in a research note on Wednesday, July 29th. TD Cowen cut their price target on shares of Unilever from $76.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, October 13th. Finally, UBS Group reaffirmed a "sell" rating on shares of Unilever in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $68.37.

Unilever Company Profile

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann's and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods. The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.

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