Hurley Capital LLC Purchases New Holdings in Unilever PLC (NYSE:UL)

Hurley Capital LLC purchased a new stake in shares of Unilever PLC (NYSE:UL) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 23,942 shares of the company’s stock, valued at approximately $1,426,000. Unilever comprises about 1.1% of Hurley Capital LLC’s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the company. Mission Wealth Management LP raised its stake in shares of Unilever by 1.4% in the first quarter. Mission Wealth Management LP now owns 11,497 shares of the company’s stock valued at $685,000 after acquiring an additional 159 shares during the last quarter. Essex Financial Services Inc. raised its position in Unilever by 1.0% in the 1st quarter. Essex Financial Services Inc. now owns 16,246 shares of the company’s stock worth $967,000 after purchasing an additional 168 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Unilever by 0.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 21,492 shares of the company’s stock worth $1,280,000 after purchasing an additional 172 shares during the last quarter. Cardinal Capital Management raised its position in Unilever by 0.4% in the 1st quarter. Cardinal Capital Management now owns 39,953 shares of the company’s stock worth $2,379,000 after purchasing an additional 176 shares during the last quarter. Finally, Trust Co. of Vermont raised its position in Unilever by 0.5% in the 1st quarter. Trust Co. of Vermont now owns 35,729 shares of the company’s stock worth $2,128,000 after purchasing an additional 181 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UL. UBS Group upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Friday, May 2nd. BNP Paribas Exane began coverage on shares of Unilever in a research report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price objective for the company. BNP Paribas upgraded shares of Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. Finally, Wall Street Zen cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Unilever currently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

Unilever Stock Performance

Shares of Unilever stock opened at $59.22 on Tuesday. The firm has a fifty day moving average of $61.90 and a two-hundred day moving average of $60.17. The stock has a market capitalization of $145.30 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 3.84 and a beta of 0.41. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.87.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.