Hurley Capital LLC Purchases Shares of 23,942 Unilever PLC (NYSE:UL)

Key Points

• Hurley Capital LLC recently acquired a new stake in Unilever PLC, purchasing 23,942 shares valued at approximately $1.4 million, making it the firm's 25th largest holding.
• Analysts have a moderate consensus rating for Unilever, with ratings ranging from sell to strong buy, indicating varied confidence in the stock's performance.
• As of now, 9.67% of Unilever's stock is owned by institutional investors, with significant stakes added by multiple hedge funds in the first quarter.

Hurley Capital LLC acquired a new stake in Unilever PLC (NYSE:UL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 23,942 shares of the company's stock, valued at approximately $1,426,000. Unilever makes up approximately 1.1% of Hurley Capital LLC's portfolio, making the stock its 25th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. May Hill Capital LLC acquired a new stake in Unilever in the 4th quarter valued at about $296,000. Bank of New York Mellon Corp boosted its stake in shares of Unilever by 33.2% in the 1st quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company's stock valued at $55,668,000 after purchasing an additional 232,945 shares during the last quarter. Stonegate Investment Group LLC boosted its stake in shares of Unilever by 69.7% in the 1st quarter. Stonegate Investment Group LLC now owns 14,282 shares of the company's stock valued at $850,000 after purchasing an additional 5,867 shares during the last quarter. Argent Trust Co boosted its stake in shares of Unilever by 34.2% in the 4th quarter. Argent Trust Co now owns 45,387 shares of the company's stock valued at $2,573,000 after purchasing an additional 11,555 shares during the last quarter. Finally, Value Partners Investments Inc. boosted its stake in shares of Unilever by 56.7% in the 1st quarter. Value Partners Investments Inc. now owns 13,958 shares of the company's stock valued at $832,000 after purchasing an additional 5,051 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Stock Up 3.2%

Unilever stock traded up $1.90 during midday trading on Friday, hitting $60.33. 1,944,933 shares of the stock were exchanged, compared to its average volume of 2,545,668. The company has a fifty day simple moving average of $61.64 and a two-hundred day simple moving average of $60.17. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.87. The stock has a market capitalization of $148.02 billion, a PE ratio of 17.28, a P/E/G ratio of 3.75 and a beta of 0.41.

Wall Street Analyst Weigh In

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

About Unilever

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.