24,971 Shares in Unilever PLC $UL Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc purchased a new position in Unilever PLC (NYSE:UL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,971 shares of the company’s stock, valued at approximately $1,616,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position 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 purchasing an additional 2,935,227 shares in the last quarter. Fisher Asset Management LLC raised its position in Unilever by 4.4% in the third quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock worth $1,336,048,000 after purchasing an additional 959,269 shares in the last quarter. Bank of America Corp DE raised its position in 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 purchasing an additional 91,049 shares in the last quarter. Raymond James Financial Inc. raised its position in 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 purchasing an additional 17,763 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Unilever by 2.2% in the third quarter. American Century Companies Inc. now owns 2,642,973 shares of the company’s stock worth $156,675,000 after purchasing an additional 57,564 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

UL opened at $56.10 on Tuesday. Unilever PLC has a one year low of $54.75 and a one year high of $74.97. The company’s 50 day simple moving average is $57.36 and its 200-day simple moving average is $63.58.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UL. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Finally, Weiss Ratings cut shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently 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.