14,616 Shares in Unilever PLC $UL Purchased by Lane Brothers & Co. Inc.

Lane Brothers & Co. Inc. acquired a new stake in Unilever PLC (NYSE:UL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 14,616 shares of the company’s stock, valued at approximately $956,000. Unilever makes up 0.7% of Lane Brothers & Co. Inc.’s portfolio, making the stock its 29th largest position.

A number of other large investors also recently bought and sold shares of the stock. Cornerstone Wealth Management LLC boosted its stake in Unilever by 3.9% during the fourth 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 raised its stake in shares of Unilever by 19.4% in the 4th quarter. CoreCap Advisors LLC now owns 997 shares of the company’s stock valued at $65,000 after acquiring an additional 162 shares during the period. Synovus Financial Corp raised its stake in shares of Unilever by 0.5% in the 3rd quarter. Synovus Financial Corp now owns 40,080 shares of the company’s stock valued at $2,376,000 after acquiring an additional 182 shares during the period. Invested Advisors lifted its holdings in shares of Unilever by 4.8% in the 4th quarter. Invested Advisors now owns 3,987 shares of the company’s stock worth $261,000 after acquiring an additional 183 shares during the last quarter. Finally, Tower Bridge Advisors lifted its holdings in shares of Unilever by 1.2% in the 3rd quarter. Tower Bridge Advisors now owns 17,495 shares of the company’s stock worth $1,037,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Unilever Price Performance

Shares of UL opened at $58.40 on Friday. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97. The company’s 50-day simple moving average is $57.61 and its 200-day simple moving average is $63.04.

Unilever 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.