Elevation Point Wealth Partners LLC Has $2.33 Million Stake in Unilever PLC $UL

Elevation Point Wealth Partners LLC grew its position in Unilever PLC (NYSE:UL) by 219.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,705 shares of the company’s stock after acquiring an additional 27,966 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Unilever were worth $2,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of UL. Cornerstone Wealth Management LLC increased its holdings in Unilever by 3.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,036 shares of the company’s stock valued at $264,000 after purchasing an additional 151 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Unilever by 19.4% in the fourth quarter. CoreCap Advisors LLC now owns 997 shares of the company’s stock worth $65,000 after purchasing an additional 162 shares in the last quarter. Invested Advisors boosted its stake in Unilever by 4.8% in the fourth quarter. Invested Advisors now owns 3,987 shares of the company’s stock worth $261,000 after purchasing an additional 183 shares in the last quarter. Flputnam Investment Management Co. boosted its stake in Unilever by 2.4% in the fourth quarter. Flputnam Investment Management Co. now owns 9,091 shares of the company’s stock worth $595,000 after purchasing an additional 214 shares in the last quarter. Finally, Founders Financial Securities LLC grew its holdings in shares of Unilever by 0.4% during the first quarter. Founders Financial Securities LLC now owns 54,760 shares of the company’s stock worth $3,201,000 after purchasing an additional 219 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Up 0.1%

NYSE:UL opened at $62.52 on Friday. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97. The business has a 50 day moving average price of $58.13 and a two-hundred day moving average price of $62.70.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UL shares. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Zacks Research downgraded Unilever from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.