CIBC Asset Management Inc Acquires Shares of 24,971 Unilever PLC $UL

CIBC Asset Management Inc acquired a new stake in Unilever PLC (NYSE:UL) during the fourth quarter, HoldingsChannel reports. The fund acquired 24,971 shares of the company’s stock, valued at approximately $1,616,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its stake in Unilever by 3.1% in the third quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock valued at $73,950,000 after acquiring an additional 37,630 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in Unilever by 160.8% in the fourth quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock valued at $5,375,000 after acquiring an additional 50,682 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in Unilever by 37.3% in the fourth quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock valued at $5,127,000 after acquiring an additional 21,313 shares during the last quarter. Cullen Investment Group LTD. bought a new position in Unilever in the fourth quarter valued at approximately $5,003,000. Finally, Wellington Management Group LLP boosted its stake in Unilever by 9.3% in the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock valued at $2,054,973,000 after acquiring an additional 2,935,227 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

Shares of NYSE:UL opened at $56.10 on Tuesday. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97. The company’s fifty day simple moving average is $57.36 and its 200 day simple moving average is $63.58.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UL shares. Kepler Capital Markets cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Argus upgraded shares of Unilever to a “strong-buy” rating in a report on Monday, March 2nd. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.55.

Unilever Profile

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.