LPL Financial LLC Has $46.44 Million Position in Unilever PLC (NYSE:UL)

Key Points

• LPL Financial LLC reduced its stake in Unilever PLC by 21.2%, owning 779,880 shares valued at approximately $46.44 million after selling 209,868 shares in the first quarter.
• Institutional investors have shown significant activity, with JPMorgan Chase & Co. lifting its position by 401.5% and D. E. Shaw & Co. Inc. increasing theirs by 592.8% during the fourth quarter.
• Unilever's stock has a market cap of $143.27 billion, with analysts giving it a consensus rating of "Moderate Buy" and an average price target of $72.50.

LPL Financial LLC trimmed its position in Unilever PLC (NYSE:UL - Free Report) by 21.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 779,880 shares of the company's stock after selling 209,868 shares during the quarter. LPL Financial LLC's holdings in Unilever were worth $46,442,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Unilever by 401.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,465,523 shares of the company's stock valued at $83,095,000 after acquiring an additional 1,173,298 shares during the period. D. E. Shaw & Co. Inc. grew its stake in Unilever by 592.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,070,818 shares of the company's stock worth $60,715,000 after buying an additional 916,246 shares in the last quarter. GAMMA Investing LLC increased its holdings in Unilever by 7,286.5% in the 1st quarter. GAMMA Investing LLC now owns 781,713 shares of the company's stock valued at $46,551,000 after buying an additional 771,130 shares during the period. Northern Trust Corp raised its position in shares of Unilever by 52.1% in the 4th quarter. Northern Trust Corp now owns 2,166,456 shares of the company's stock valued at $122,838,000 after buying an additional 742,260 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Unilever during the 4th quarter worth approximately $38,626,000. Institutional investors own 9.67% of the company's stock.

Wall Street Analyst Weigh In

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

Unilever Stock Down 1.0%

NYSE UL opened at $58.39 on Friday. The company has a market cap of $143.27 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 3.75 and a beta of 0.41. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87. The business's fifty day moving average is $61.64 and its 200 day moving average is $60.17.

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.

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