BTC Capital Management Inc. Grows Holdings in Unilever PLC $UL

BTC Capital Management Inc. lifted its stake in shares of Unilever PLC (NYSE:UL) by 24.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,284 shares of the company’s stock after buying an additional 11,966 shares during the quarter. BTC Capital Management Inc.’s holdings in Unilever were worth $3,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in UL. Cornerstone Wealth Management LLC grew 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 worth $264,000 after acquiring an additional 151 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Unilever by 19.4% in the 4th quarter. CoreCap Advisors LLC now owns 997 shares of the company’s stock valued at $65,000 after purchasing an additional 162 shares in the last quarter. Invested Advisors lifted its position in shares of Unilever by 4.8% during the fourth quarter. Invested Advisors now owns 3,987 shares of the company’s stock worth $261,000 after purchasing an additional 183 shares during the last quarter. Tower Bridge Advisors grew its stake in Unilever by 1.2% in the third quarter. Tower Bridge Advisors now owns 17,495 shares of the company’s stock worth $1,037,000 after purchasing an additional 200 shares in the last quarter. Finally, Flputnam Investment Management Co. grew 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. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Finally, Argus upgraded Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.55.

Unilever Trading Up 1.3%

UL opened at $60.04 on Thursday. The company’s 50-day moving average price is $57.65 and its 200 day moving average price is $62.85. Unilever PLC has a fifty-two week low of $54.75 and a fifty-two week high of $74.97.

About Unilever

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.