Unilever PLC $UL Position Boosted by Equity Investment Corp

Equity Investment Corp lifted its stake in shares of Unilever PLC (NYSE:UL) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,012,258 shares of the company’s stock after buying an additional 15,306 shares during the quarter. Unilever comprises approximately 1.7% of Equity Investment Corp’s investment portfolio, making the stock its 19th largest holding. Equity Investment Corp owned about 0.09% of Unilever worth $122,204,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of UL. Latitude Advisors LLC acquired a new position in shares of Unilever during the 3rd quarter valued at $26,000. Tompkins Financial Corp bought a new position in Unilever during the third quarter worth $27,000. West Financial Advisors LLC bought a new position in Unilever during the third quarter worth $28,000. Pension & Wealth Management Advisors Inc. acquired a new stake in Unilever in the third quarter worth $30,000. Finally, Essential Partners LLC grew its holdings in Unilever by 125.5% in the first quarter. Essential Partners LLC now owns 602 shares of the company’s stock worth $34,000 after purchasing an additional 335 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 0.2%

Unilever stock opened at $66.45 on Wednesday. Unilever PLC has a 1-year low of $54.75 and a 1-year high of $74.97. The firm’s fifty day moving average price is $63.56 and its two-hundred day moving average price is $62.68.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UL. UBS Group reaffirmed a “sell” rating on shares of Unilever in a research note on Monday, August 3rd. DZ Bank reissued a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Monday, October 12th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Unilever in a research report on Wednesday, September 30th. Finally, Weiss Ratings raised Unilever from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.37.

Unilever Company Profile

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann’s and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods. The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.