Unilever PLC (NYSE:UL) Stock Holdings Lifted by ProVise Management Group LLC

Key Points

• ProVise Management Group LLC increased its holdings in Unilever PLC by 7.6%, owning 186,073 shares worth approximately $11 million after acquiring an additional 13,080 shares in the first quarter.
• Multiple institutional investors have made changes to their stakes in Unilever, with significant purchases from Vermillion Wealth Management and Richardson Financial Services, increasing overall institutional ownership to 9.67%.
• Several analysts have rated Unilever with a consensus rating of "Moderate Buy", including upgrades from BNP Paribas Exane to a "strong-buy" rating and UBS Group's change from "strong sell" to "hold."

ProVise Management Group LLC raised its position in shares of Unilever PLC (NYSE:UL - Free Report) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,073 shares of the company's stock after purchasing an additional 13,080 shares during the period. ProVise Management Group LLC's holdings in Unilever were worth $11,081,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in UL. Vermillion Wealth Management Inc. bought a new position in Unilever during the fourth quarter valued at approximately $30,000. N.E.W. Advisory Services LLC bought a new position in shares of Unilever during the 1st quarter valued at $30,000. Brentview Investment Management LLC bought a new position in shares of Unilever during the 1st quarter valued at $33,000. Richardson Financial Services Inc. lifted its stake in shares of Unilever by 209.0% in the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company's stock valued at $37,000 after purchasing an additional 418 shares during the last quarter. Finally, Accredited Wealth Management LLC bought a new stake in Unilever in the fourth quarter worth $43,000. Institutional investors own 9.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BNP Paribas Exane assumed coverage on Unilever in a report on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price on the stock. BNP Paribas raised Unilever to a "strong-buy" rating in a report on Thursday, May 29th. UBS Group upgraded Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Wall Street Zen downgraded Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $72.50.

Unilever Stock Performance

Shares of NYSE:UL opened at $58.39 on Friday. The stock's 50-day moving average is $61.64 and its 200-day moving average is $60.17. The company has a market cap of $143.27 billion, a P/E ratio of 16.73, a P/E/G ratio of 3.75 and a beta of 0.41. Unilever PLC has a 52-week low of $54.32 and a 52-week 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.

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