Concert Wealth Management Inc. raised its stake in Unilever PLC (NYSE:UL) by 13.4% during the second quarter, Holdings Channel reports. The fund owned 5,846 shares of the company’s stock after buying an additional 692 shares during the period. Concert Wealth Management Inc.’s holdings in Unilever PLC were worth $277,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC increased its position in shares of Unilever PLC by 17.2% in the second quarter. Advisory Services Network LLC now owns 2,446 shares of the company’s stock valued at $117,000 after buying an additional 359 shares during the last quarter. Catamount Wealth Management boosted its position in Unilever PLC by 2,426.5% in the first quarter. Catamount Wealth Management now owns 3,436 shares of the company’s stock valued at $155,000 after buying an additional 3,300 shares during the period. Edmp Inc. bought a new position in Unilever PLC during the second quarter valued at $208,000. Cape ANN Savings Bank bought a new position in Unilever PLC during the second quarter valued at $217,000. Finally, Bayesian Capital Management LP bought a new position in Unilever PLC during the first quarter valued at $225,000. 8.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of Unilever PLC (NYSE:UL) traded down 1.33% during mid-day trading on Friday, hitting $43.00. 2,717,683 shares of the company’s stock traded hands. Unilever PLC has a 52 week low of $39.86 and a 52 week high of $48.97. The firm has a 50-day moving average of $46.69 and a 200 day moving average of $46.24. The company has a market cap of $122.07 billion, a PE ratio of 22.31 and a beta of 0.74.
Several research analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Unilever PLC in a research report on Monday, August 22nd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Unilever PLC in a research report on Wednesday, July 27th. Deutsche Bank AG restated a “buy” rating on shares of Unilever PLC in a research report on Thursday, August 25th. RBC Capital Markets restated a “sector perform” rating on shares of Unilever PLC in a research report on Sunday, July 24th. Finally, Royal Bank Of Canada cut shares of Unilever PLC from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Unilever PLC has a consensus rating of “Hold” and an average price target of $51.00.
About Unilever PLC
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
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