TD Waterhouse Canada Inc. Has $17.59 Million Stake in Unilever PLC $UL

Key Points

• TD Waterhouse Canada increased its Unilever stake by 33.7% in the second quarter, adding 72,787 shares for a total holding of 288,725 shares valued at approximately $17.59 million.
• Other major institutional investors also expanded or initiated positions, including Lazard Asset Management, Norges Bank, Federated Hermes, and Renaissance Technologies; institutions and hedge funds collectively owned 9.67% of Unilever.
• Unilever shares opened at $64.19, while analysts maintained a consensus “Hold” rating with a $65.55 price target. The company reported quarterly revenue of $14.62 billion and earnings of $0.59 per share, below analyst expectations.

TD Waterhouse Canada Inc. grew its position in Unilever PLC (NYSE:UL - Free Report) by 33.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 288,725 shares of the company's stock after purchasing an additional 72,787 shares during the period. TD Waterhouse Canada Inc.'s holdings in Unilever were worth $17,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Unilever in the 4th quarter valued at approximately $268,704,000. Lazard Asset Management LLC boosted its position in Unilever by 674.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company's stock worth $159,208,000 after acquiring an additional 2,433,625 shares during the last quarter. Norges Bank bought a new position in shares of Unilever during the 4th quarter worth approximately $132,027,000. Federated Hermes Inc. grew its stake in shares of Unilever by 944.7% during the 4th quarter. Federated Hermes Inc. now owns 1,417,108 shares of the company's stock worth $92,679,000 after acquiring an additional 1,281,465 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Unilever during the 1st quarter worth approximately $67,107,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Price Performance

NYSE UL opened at $64.19 on Friday. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97. The stock has a 50 day moving average of $62.92 and a 200-day moving average of $61.55.

Unilever (NYSE:UL - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($1.25). The company had revenue of $14.62 billion for the quarter, compared to analyst estimates of $14.80 billion. As a group, equities analysts expect that Unilever PLC will post 3.53 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a research report on Monday, July 6th. Weiss Ratings upgraded shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. TD Cowen reissued a "buy" rating on shares of Unilever in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $65.55.

Unilever 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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