Unilever PLC $UL Shares Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its Unilever stake by 21.2% during the second quarter, adding 93,161 shares to hold 533,030 shares valued at approximately $32.05 million.
• Unilever shares opened at $62.01, with a 52-week range of $54.75 to $74.97. The company reported quarterly revenue of $14.62 billion and EPS of $0.59, below analysts’ expectations.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $65.55; institutional investors collectively own 9.67% of the stock.

Corient Private Wealth LP grew its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 21.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 533,030 shares of the company's stock after buying an additional 93,161 shares during the quarter. Corient Private Wealth LP's holdings in Unilever were worth $32,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brown Financial Advisors raised its holdings in Unilever by 6.7% in the second quarter. Brown Financial Advisors now owns 4,306 shares of the company's stock valued at $259,000 after acquiring an additional 269 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Unilever by 4.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 842,507 shares of the company's stock valued at $50,652,000 after purchasing an additional 36,567 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Unilever during the second quarter worth about $247,000. Kintra Wealth LLC acquired a new position in Unilever in the second quarter worth about $474,000. Finally, Guardian Wealth Management Inc. increased its holdings in Unilever by 6.5% in the second quarter. Guardian Wealth Management Inc. now owns 30,172 shares of the company's stock valued at $1,814,000 after buying an additional 1,854 shares during the last quarter. Institutional investors own 9.67% of the company's stock.

Unilever Stock Performance

Unilever stock opened at $62.01 on Monday. The firm's 50 day moving average price is $63.05 and its two-hundred day moving average price is $61.09. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97.

Unilever (NYSE:UL - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The firm had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. Equities research analysts forecast that Unilever PLC will post 3.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of research analyst reports. TD Cowen reaffirmed a "buy" rating on shares of Unilever in a report on Wednesday, July 29th. Zacks Research raised Unilever from a "strong sell" rating to a "hold" rating in a report 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. Finally, Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $65.55.

About Unilever

Unilever PLC is a global consumer goods company that develops, markets and sells products across beauty and wellbeing, personal care, home care and foods. Its portfolio includes well-known brands such as Dove, Vaseline, Axe, TRESemmé, Sunsilk, Hellmann's, Knorr, Cif, Domestos and OMO or Persil, depending on the market.

The company serves consumers in markets around the world, with products distributed through retail stores, e-commerce platforms and other channels. Its offerings include skin and hair care, deodorants, oral care, household cleaning products, dressings, condiments, soups and cooking products.

Unilever was created in 1929 through the combination of Margarine Unie, a Dutch margarine producer, and Lever Brothers, a British soap maker.

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