Global Retirement Partners LLC Purchases New Position in Unilever PLC $UL

Global Retirement Partners LLC acquired a new position in shares of Unilever PLC (NYSE:UL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 31,004 shares of the company’s stock, valued at approximately $1,864,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Unilever during the fourth quarter worth $268,704,000. Lazard Asset Management LLC lifted its stake in shares of Unilever by 674.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock valued at $159,208,000 after acquiring an additional 2,433,625 shares during the last quarter. Norges Bank acquired a new stake in shares of Unilever during the 4th quarter valued at $132,027,000. Federated Hermes Inc. grew its position in Unilever by 944.7% during the 4th quarter. Federated Hermes Inc. now owns 1,417,108 shares of the company’s stock worth $92,679,000 after acquiring an additional 1,281,465 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Unilever during the 1st quarter worth $67,107,000. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Unilever stock opened at $61.29 on Tuesday. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97. The firm has a 50 day moving average price of $61.39 and a two-hundred day moving average price of $62.12.

Unilever (NYSE:UL) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.92). The firm had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. Equities analysts expect that Unilever PLC will post 3.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UL has been the subject of several research reports. TD Cowen reiterated a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Weiss Ratings raised Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Zacks Research upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Unilever has a consensus rating of “Hold” and an average price target of $65.55.

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.