Rockland Trust Co. Has $9.75 Million Stock Holdings in Unilever PLC $UL

Key Points

• Rockland Trust increased its Unilever stake by 20.3% in the second quarter, adding 27,415 shares to own 162,239 shares valued at approximately $9.75 million.
• Several major institutions also expanded their positions, including Bank of America, Royal Bank of Canada, Raymond James Financial and T. Rowe Price; institutional investors collectively own 9.67% of Unilever.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $65.55 target price. Unilever shares opened at $62.90, down 1.2%, and trade between a 52-week range of $54.75 to $74.97.

Rockland Trust Co. raised its stake in Unilever PLC (NYSE:UL - Free Report) by 20.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,239 shares of the company's stock after buying an additional 27,415 shares during the period. Rockland Trust Co.'s holdings in Unilever were worth $9,754,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UL. Bank of America Corp DE increased its holdings in shares of Unilever by 16.4% during the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company's stock worth $379,501,000 after buying an additional 937,346 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Unilever during the 4th quarter valued at $268,704,000. Raymond James Financial Inc. boosted its holdings in shares of Unilever by 9.8% during the 4th quarter. Raymond James Financial Inc. now owns 3,616,603 shares of the company's stock valued at $236,526,000 after acquiring an additional 323,393 shares in the last quarter. Royal Bank of Canada grew its position in Unilever by 13.6% during the 1st quarter. Royal Bank of Canada now owns 3,403,807 shares of the company's stock worth $193,915,000 after acquiring an additional 406,610 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Unilever by 44.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company's stock worth $200,625,000 after acquiring an additional 942,286 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank Of Canada upgraded Unilever from an "underperform" rating to a "sector perform" rating in a research report on Tuesday, April 21st. TD Cowen restated a "buy" rating on shares of Unilever in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research note on Monday, July 6th. Zacks Research upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $65.55.

Unilever Stock Down 1.2%

NYSE UL opened at $62.90 on Friday. The business has a 50 day simple moving average of $60.62 and a 200 day simple moving average of $62.30. Unilever PLC has a one year low of $54.75 and a one year high of $74.97.

About Unilever

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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