Unilever PLC $UL Stock Acquired by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its Unilever stake by 2.4% in the third quarter, adding 34,158 shares to reach 1,472,502 shares worth about $87.7 million.
• Other institutional investors also expanded holdings, including Lazard Asset Management, which boosted its position by 674.2% in the first quarter. Institutional investors and hedge funds collectively own 9.67% of Unilever.
• Analyst views are mixed, with MarketBeat reporting an average “Hold” rating and a $68.37 average price target; shares opened at $66.50 and were up 0.8% in the trading session cited.

Allspring Global Investments Holdings LLC grew its holdings in Unilever PLC (NYSE:UL - Free Report) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,472,502 shares of the company's stock after acquiring an additional 34,158 shares during the period. Allspring Global Investments Holdings LLC owned 0.07% of Unilever worth $87,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lazard Asset Management LLC boosted its position in shares of Unilever by 674.2% in the first quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company's stock worth $159,208,000 after purchasing an additional 2,433,625 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Unilever during the 1st quarter valued at $67,107,000. Bank of America Corp DE raised its position in shares of Unilever by 16.4% during the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company's stock valued at $379,501,000 after purchasing an additional 937,346 shares during the period. Royal Bank of Canada raised its position in shares of 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 purchasing an additional 406,610 shares during the period. Finally, Hamlin Capital Management LLC lifted its stake in shares of Unilever by 11.6% during the 2nd quarter. Hamlin Capital Management LLC now owns 2,722,721 shares of the company's stock valued at $163,690,000 after buying an additional 282,076 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UL shares. TD Cowen lowered their price objective on Unilever from $76.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, October 13th. Sanford C. Bernstein reiterated a "buy" rating on shares of Unilever in a research report on Wednesday, September 30th. Morningstar downgraded Unilever to a "hold" rating in a research note on Thursday, July 30th. DZ Bank reissued a "buy" rating on shares of Unilever in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Unilever in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Unilever presently has an average rating of "Hold" and an average price target of $68.37.

Unilever Trading Up 0.8%

UL stock opened at $66.50 on Tuesday. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97. The firm's fifty day simple moving average is $63.53 and its two-hundred day simple moving average is $62.67.

Unilever Company Profile

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann's and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods.

The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.

Headquartered in London, Unilever operates as a UK-based public company.

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