Wellington Management Group LLP Has $2.11 Billion Holdings in Unilever PLC $UL

Wellington Management Group LLP decreased its holdings in shares of Unilever PLC (NYSE:UL) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,063,391 shares of the company’s stock after selling 4,867,052 shares during the period. Wellington Management Group LLP’s holdings in Unilever were worth $2,108,011,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Saturna Capital Corp grew its stake in shares of Unilever by 38.0% during the first quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock worth $45,252,000 after acquiring an additional 218,767 shares during the last quarter. Diversify Wealth Management LLC raised its position in shares of Unilever by 77.6% in the 1st quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock valued at $2,226,000 after purchasing an additional 17,093 shares during the last quarter. Bank of America Corp DE raised its position in shares of Unilever by 16.4% in the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock valued at $379,501,000 after purchasing an additional 937,346 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Unilever by 674.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock worth $159,208,000 after purchasing an additional 2,433,625 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in Unilever by 135.1% in the 1st quarter. Arkadios Wealth Advisors now owns 31,179 shares of the company’s stock worth $1,776,000 after purchasing an additional 17,918 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings raised Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Finally, TD Cowen restated a “buy” rating on shares of Unilever in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Stock Up 1.1%

NYSE UL opened at $65.12 on Friday. The stock has a 50-day moving average of $62.44 and a 200 day moving average of $61.85. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97.

Unilever (NYSE:UL) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The business had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $14.80 billion. Analysts predict that Unilever PLC will post 3.51 earnings per share for the current year.

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.