Cibc World Market Inc. Has $14.80 Million Stock Holdings in Unilever PLC $UL

Cibc World Market Inc. lessened its stake in shares of Unilever PLC (NYSE:UL) by 46.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226,359 shares of the company’s stock after selling 192,553 shares during the period. Cibc World Market Inc.’s holdings in Unilever were worth $14,804,000 as of its most recent SEC filing.

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

Unilever Price Performance

Shares of NYSE UL opened at $56.66 on Friday. The business has a fifty day moving average of $57.44 and a two-hundred day moving average of $63.68. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Argus upgraded shares of Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Kepler Capital Markets downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $65.55.

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.