Factory Mutual Insurance Co. Purchases 97,000 Shares of Unilever PLC $UL

Factory Mutual Insurance Co. grew its position in Unilever PLC (NYSE:UL) by 25.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 472,457 shares of the company’s stock after buying an additional 97,000 shares during the period. Factory Mutual Insurance Co.’s holdings in Unilever were worth $28,692,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in UL. Corient Private Wealth LP increased its holdings in Unilever by 21.2% in the 2nd quarter. Corient Private Wealth LP now owns 533,030 shares of the company’s stock worth $32,046,000 after buying an additional 93,161 shares in the last quarter. First Eagle Investment Management LLC raised its position in Unilever by 4.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 842,507 shares of the company’s stock worth $50,652,000 after buying an additional 36,567 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Unilever in the 2nd quarter worth about $10,344,000. Saturna Capital Corp lifted its stake in Unilever by 38.0% during the 1st quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock valued at $45,252,000 after acquiring an additional 218,767 shares during the period. Finally, Diversify Wealth Management LLC lifted its stake in Unilever by 77.6% during the 1st quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock valued at $2,226,000 after acquiring an additional 17,093 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UL shares. TD Cowen dropped their price target on shares of Unilever from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, October 12th. Barclays restated a “buy” rating on shares of Unilever in a research report on Tuesday, July 7th. Morningstar cut shares of Unilever to a “hold” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Unilever in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $68.37.

Unilever Stock Down 2.5%

Shares of UL opened at $64.80 on Wednesday. Unilever PLC has a one year low of $54.75 and a one year high of $74.97. The business has a fifty day moving average of $63.38 and a 200 day moving average of $62.63.

Unilever Company Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, markets and sells branded products used in households and personal care, with operations serving consumers across developed and emerging markets worldwide.

The company’s portfolio includes beauty and wellbeing products, personal care items, home care products, and foods and refreshments. Its brands include Dove, Vaseline, Axe, TRESemmé, Cif, OMO, Persil, Knorr, Hellmann’s and Ben & Jerry’s, although product offerings vary by market.

Unilever was formed in 1929 through the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie.