Azzad Asset Management Inc. ADV Has $4.48 Million Stock Holdings in Unilever PLC $UL

Azzad Asset Management Inc. ADV lifted its holdings in Unilever PLC (NYSE:UL) by 62.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,662 shares of the company’s stock after acquiring an additional 30,331 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Unilever were worth $4,481,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Munich Reinsurance Co Stock Corp in Munich increased its holdings in Unilever by 26.0% in the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 1,554,524 shares of the company’s stock valued at $88,561,000 after buying an additional 320,304 shares during the period. Childress Capital Advisors LLC increased its holdings in shares of Unilever by 12.9% during the first quarter. Childress Capital Advisors LLC now owns 3,527 shares of the company’s stock worth $201,000 after buying an additional 402 shares in the last quarter. Jackson Thornton Wealth Management LLC bought a new position in Unilever in the first quarter valued at about $276,000. Clare Market Investments LLC bought a new position in Unilever in the 1st quarter valued at approximately $464,000. Finally, Cohen Investment Advisors LLC raised its stake in shares of Unilever by 2.9% during the first quarter. Cohen Investment Advisors LLC now owns 6,753 shares of the company’s stock valued at $385,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Unilever Stock Performance

NYSE:UL opened at $60.95 on Friday. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97. The stock’s fifty day moving average price is $58.46 and its two-hundred day moving average price is $62.59.

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.