Trust Co. of Vermont Makes New $1.61 Million Investment in Unilever PLC $UL

Key Points

• Trust Co. of Vermont acquired 26,809 Unilever shares in the second quarter, valued at approximately $1.61 million. Institutional investors collectively own 9.67% of Unilever.
• Analyst sentiment is mixed but has improved, with recent upgrades from Royal Bank of Canada, Zacks Research and Weiss Ratings. The stock has a consensus “Hold” rating and an average price target of $65.55.
• Unilever shares opened at $62.11, within a 52-week range of $54.75 to $74.97. The company’s latest quarterly earnings missed expectations, reporting $0.92 in EPS versus the $1.84 consensus estimate, while revenue came in at $14.62 billion.

Trust Co. of Vermont acquired a new position in Unilever PLC (NYSE:UL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,809 shares of the company's stock, valued at approximately $1,612,000.

Several other institutional investors have also recently modified their holdings of UL. Principle Wealth Partners LLC lifted its position in Unilever by 5.7% in the 2nd quarter. Principle Wealth Partners LLC now owns 8,473 shares of the company's stock worth $509,000 after buying an additional 458 shares during the last quarter. Capital Financial Group Inc. Co. ADV grew its position in Unilever by 70.8% during the second quarter. Capital Financial Group Inc. Co. ADV now owns 31,373 shares of the company's stock valued at $1,886,000 after acquiring an additional 13,004 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Unilever by 3.1% during the second quarter. HBK Sorce Advisory LLC now owns 6,191 shares of the company's stock worth $399,000 after acquiring an additional 187 shares in the last quarter. Continuum Advisory LLC purchased a new position in shares of Unilever during the second quarter worth approximately $125,000. Finally, J.Safra Asset Management Corp lifted its holdings in shares of Unilever by 5.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 8,071 shares of the company's stock worth $485,000 after acquiring an additional 421 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Unilever Stock Performance

Shares of Unilever stock opened at $62.11 on Wednesday. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97. The company's 50 day moving average price is $61.48 and its 200-day moving average price is $62.09.

Unilever (NYSE:UL - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.92). The company had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. Sell-side analysts anticipate that Unilever PLC will post 3.51 earnings per share for the current fiscal year.

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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