Empowered Funds LLC Purchases 8,407 Shares of Unilever PLC $UL

Empowered Funds LLC raised its position in Unilever PLC (NYSE:UL) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,770 shares of the company’s stock after acquiring an additional 8,407 shares during the quarter. Empowered Funds LLC’s holdings in Unilever were worth $6,083,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of UL. Elyxium Wealth LLC bought a new stake in shares of Unilever in the fourth quarter worth about $25,000. Bard Associates Inc. purchased a new position in Unilever during the 4th quarter valued at about $27,000. Palisade Asset Management LLC bought a new position in Unilever during the 3rd quarter valued at approximately $25,000. Financial Life Planners bought a new position in Unilever during the 1st quarter valued at approximately $25,000. Finally, Whipplewood Advisors LLC bought a new position in Unilever during the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UL. Weiss Ratings upgraded Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Monday, July 6th. TD Cowen reaffirmed a “buy” rating on shares of Unilever in a research note on Wednesday. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Finally, Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.55.

Unilever Stock Down 2.7%

Unilever stock opened at $63.53 on Friday. The stock’s 50 day simple moving average is $59.96 and its two-hundred day simple moving average is $62.33. Unilever PLC has a fifty-two week low of $54.75 and a fifty-two week high of $74.97.

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.