Raleigh Capital Management Inc. Increases Stock Position in Unilever PLC $UL

Raleigh Capital Management Inc. grew its holdings in Unilever PLC (NYSE:UL) by 69.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,199 shares of the company’s stock after purchasing an additional 10,781 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Unilever were worth $1,493,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of UL. Elyxium Wealth LLC purchased a new stake in Unilever in the 4th quarter valued at approximately $25,000. Financial Life Planners purchased a new position in Unilever during the first quarter worth $25,000. Palisade Asset Management LLC purchased a new position in Unilever during the third quarter worth $25,000. Bard Associates Inc. acquired a new position in shares of Unilever in the fourth quarter worth $27,000. Finally, Asset Dedication LLC raised its holdings in shares of Unilever by 108.8% in the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after acquiring an additional 248 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings downgraded Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Zacks Research lowered shares of Unilever from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Finally, DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.55.

Unilever Trading Up 0.1%

Shares of UL opened at $62.52 on Friday. Unilever PLC has a fifty-two week low of $54.75 and a fifty-two week high of $74.97. The stock has a fifty day moving average of $58.13 and a two-hundred day moving average of $62.70.

Unilever Company 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.