Gabalex Capital Management LLC Makes New Investment in Unilever N.V. (NYSE:UL)

Gabalex Capital Management LLC bought a new position in Unilever N.V. (NYSE:UL) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 125,000 shares of the company’s stock, valued at approximately $7,746,000. Unilever comprises approximately 2.0% of Gabalex Capital Management LLC’s portfolio, making the stock its 15th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Lazard Asset Management LLC boosted its holdings in Unilever by 406.0% during the 1st quarter. Lazard Asset Management LLC now owns 3,039,499 shares of the company’s stock valued at $175,439,000 after acquiring an additional 2,438,811 shares during the period. Wells Fargo & Company MN boosted its holdings in Unilever by 2.5% during the 1st quarter. Wells Fargo & Company MN now owns 1,694,411 shares of the company’s stock valued at $97,801,000 after acquiring an additional 40,720 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in Unilever by 5,957.8% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,218,640 shares of the company’s stock valued at $121,864,000 after acquiring an additional 1,198,523 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Unilever by 1.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 931,184 shares of the company’s stock valued at $53,748,000 after acquiring an additional 15,617 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Unilever by 9.3% during the 2nd quarter. First Trust Advisors LP now owns 555,756 shares of the company’s stock valued at $34,440,000 after acquiring an additional 47,265 shares during the period. 7.03% of the stock is owned by institutional investors and hedge funds.

UL stock traded up $0.58 during mid-day trading on Thursday, reaching $60.04. The company had a trading volume of 140,965 shares, compared to its average volume of 599,435. The company has a market cap of $69.50 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.53 and a beta of 0.55. The company has a fifty day moving average of $61.52. Unilever N.V. has a fifty-two week low of $50.80 and a fifty-two week high of $64.10.

A number of equities analysts recently commented on UL shares. Credit Suisse Group upgraded Unilever from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research report on Wednesday. DZ Bank lowered Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, HSBC assumed coverage on Unilever in a research report on Friday, June 28th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $66.00.

Unilever Company Profile

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

Read More: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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