Elevation Point Wealth Partners LLC Purchases 27,966 Shares of Unilever PLC $UL

Elevation Point Wealth Partners LLC increased its holdings in shares of Unilever PLC (NYSE:UL) by 219.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 40,705 shares of the company’s stock after purchasing an additional 27,966 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Unilever were worth $2,326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC boosted its holdings in shares of Unilever by 3.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,036 shares of the company’s stock worth $264,000 after buying an additional 151 shares during the period. CoreCap Advisors LLC grew its position in shares of Unilever by 19.4% during the 4th quarter. CoreCap Advisors LLC now owns 997 shares of the company’s stock worth $65,000 after purchasing an additional 162 shares in the last quarter. Invested Advisors grew its position in shares of Unilever by 4.8% during the 4th quarter. Invested Advisors now owns 3,987 shares of the company’s stock worth $261,000 after purchasing an additional 183 shares in the last quarter. Flputnam Investment Management Co. increased its holdings in shares of Unilever by 2.4% during the fourth quarter. Flputnam Investment Management Co. now owns 9,091 shares of the company’s stock worth $595,000 after purchasing an additional 214 shares during the period. Finally, Founders Financial Securities LLC increased its holdings in shares of Unilever by 0.4% during the first quarter. Founders Financial Securities LLC now owns 54,760 shares of the company’s stock worth $3,201,000 after purchasing an additional 219 shares during the period. 9.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UL. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Weiss Ratings cut Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Finally, Zacks Research downgraded Unilever from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $65.55.

Unilever Price Performance

UL stock opened at $62.52 on Friday. The company’s 50-day moving average price is $58.13 and its two-hundred day moving average price is $62.70. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97.

About Unilever

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.