BlackRock Inc. reduced its position in Unilever PLC (NYSE:UL - Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,293,405 shares of the company's stock after selling 27,994 shares during the period. BlackRock Inc. owned about 0.11% of Unilever worth $137,880,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Bank of America Corp DE raised its position in Unilever by 16.4% during the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company's stock valued at $379,501,000 after buying an additional 937,346 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Unilever during the 4th quarter worth about $268,704,000. Raymond James Financial Inc. grew its stake in 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 stake in Unilever by 13.6% during the 1st quarter. Royal Bank of Canada now owns 3,403,807 shares of the company's stock valued at $193,915,000 after acquiring an additional 406,610 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Unilever by 44.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company's stock valued at $200,625,000 after purchasing an additional 942,286 shares during the period. Institutional investors and hedge funds own 9.67% of the company's stock.
Unilever Trading Up 1.1%
UL opened at $65.12 on Friday. The stock has a 50-day moving average of $62.44 and a 200-day moving average of $61.85. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97.
Unilever (NYSE:UL - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $14.80 billion. As a group, equities research analysts forecast that Unilever PLC will post 3.51 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Unilever from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Zacks Research raised shares of Unilever from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. TD Cowen reiterated 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 research report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $65.55.
Read Our Latest Analysis on UL
Unilever Profile
(
Free Report)
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.
See Also
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