Everstar Asset Management LLC Has $803,000 Holdings in Unilever PLC $UL

Everstar Asset Management LLC grew its stake in Unilever PLC (NYSE:UL) by 164.2% in the first quarter, HoldingsChannel reports. The fund owned 14,090 shares of the company’s stock after acquiring an additional 8,757 shares during the period. Everstar Asset Management LLC’s holdings in Unilever were worth $803,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UL. Natixis Advisors LLC lifted its holdings in Unilever by 3.1% during the 3rd quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock worth $73,950,000 after buying an additional 37,630 shares in the last quarter. Evergreen Capital Management LLC boosted its position in Unilever by 160.8% in the 4th quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock valued at $5,375,000 after buying an additional 50,682 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of Unilever by 37.3% in the 4th quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock valued at $5,127,000 after buying an additional 21,313 shares during the period. Cullen Investment Group LTD. acquired a new stake in shares of Unilever in the 4th quarter valued at $5,003,000. Finally, Wellington Management Group LLP raised its position in shares of Unilever by 9.3% during the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after acquiring an additional 2,935,227 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Up 0.0%

Shares of Unilever stock opened at $58.40 on Monday. The firm has a fifty day moving average of $57.61 and a two-hundred day moving average of $63.01. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UL. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Argus raised shares of Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings cut shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.55.

Unilever Company Profile

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.