Hamlin Capital Management LLC Increases Stock Holdings in Unilever PLC $UL

Key Points

• Hamlin Capital Management increased its Unilever stake by 11.6% in the second quarter, adding 282,076 shares for a total of 2.72 million shares valued at approximately $163.7 million.
• Analyst sentiment remains mixed, with Unilever holding a consensus “Hold” rating and an average price target of $65.55.
• Unilever shares opened at $64.36, above their 50-day moving average of $60.36 but below their 12-month high of $74.97; institutional investors collectively own 9.67% of the stock.

Hamlin Capital Management LLC lifted its position in shares of Unilever PLC (NYSE:UL - Free Report) by 11.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,722,721 shares of the company's stock after buying an additional 282,076 shares during the quarter. Unilever makes up about 3.7% of Hamlin Capital Management LLC's holdings, making the stock its 14th largest position. Hamlin Capital Management LLC owned about 0.13% of Unilever worth $163,690,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

UL has been the topic of a number of analyst reports. Royal Bank Of Canada upgraded Unilever from an "underperform" rating to a "sector perform" rating in a report on Tuesday, April 21st. DZ Bank raised Unilever from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 8th. Weiss Ratings upgraded Unilever from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Zacks Research raised shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a research note on Monday, July 6th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $65.55.

Unilever Trading Up 0.4%

NYSE UL opened at $64.36 on Thursday. The business's 50-day moving average price is $60.36 and its 200 day moving average price is $62.31. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97.

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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