Bleakley Financial Group LLC Buys 19,911 Shares of Unilever PLC $UL

Bleakley Financial Group LLC grew its stake in Unilever PLC (NYSE:UL) by 28.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,966 shares of the company’s stock after acquiring an additional 19,911 shares during the quarter. Bleakley Financial Group LLC’s holdings in Unilever were worth $5,818,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in Unilever by 9.3% in the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after acquiring an additional 2,935,227 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Unilever by 4.4% during the third quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock valued at $1,336,048,000 after purchasing an additional 959,269 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Unilever by 1.6% during the third quarter. Bank of America Corp DE now owns 5,773,638 shares of the company’s stock valued at $342,261,000 after purchasing an additional 91,049 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Unilever by 3.5% during the third quarter. Envestnet Asset Management Inc. now owns 4,001,060 shares of the company’s stock valued at $237,183,000 after purchasing an additional 133,776 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Unilever by 0.5% during the third quarter. Raymond James Financial Inc. now owns 3,293,210 shares of the company’s stock valued at $195,221,000 after purchasing an additional 17,763 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

Shares of UL opened at $57.04 on Wednesday. The business has a 50-day simple moving average of $58.42 and a two-hundred day simple moving average of $64.33. Unilever PLC has a 52 week low of $54.95 and a 52 week high of $74.97.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UL. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Argus raised Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Monday, May 18th. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded Unilever from a “buy” rating to a “hold” rating in a report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.