HB Wealth Management LLC Has $3.83 Million Holdings in Unilever PLC (NYSE:UL)

Key Points

• HB Wealth Management LLC increased its stake in Unilever PLC by 211.3%, bringing its total ownership to 64,379 shares worth approximately $3.8 million.
• Wall Street analysts have mixed opinions on Unilever, with ratings ranging from "sell" to "strong buy," and a consensus target price of $72.50.
• As of the latest trading, Unilever's shares are down 1.0%, with a recent opening price of $60.41, reflecting its 52-week range from $54.32 to $65.87.

HB Wealth Management LLC lifted its stake in Unilever PLC (NYSE:UL - Free Report) by 211.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,379 shares of the company's stock after acquiring an additional 43,701 shares during the period. HB Wealth Management LLC's holdings in Unilever were worth $3,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vermillion Wealth Management Inc. acquired a new stake in Unilever during the fourth quarter worth $30,000. Richardson Financial Services Inc. boosted its stake in Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock worth $37,000 after buying an additional 418 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in Unilever during the fourth quarter worth $43,000. Greenline Partners LLC acquired a new stake in Unilever during the fourth quarter worth $58,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Unilever during the first quarter worth $63,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. UBS Group upgraded shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. BNP Paribas Exane began 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. Finally, BNP Paribas upgraded shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Unilever currently has a consensus rating of "Moderate Buy" and an average price target of $72.50.

Unilever Trading Down 2.0%

NYSE UL traded down $1.21 on Monday, hitting $59.22. 1,823,132 shares of the company were exchanged, compared to its average volume of 1,953,952. The firm has a 50 day moving average of $61.90 and a two-hundred day moving average of $60.17. The company has a market cap of $145.30 billion, a P/E ratio of 16.97, a P/E/G ratio of 3.84 and a beta of 0.41. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.87.

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.