Unilever PLC $UL Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. increased its holdings in shares of Unilever PLC (NYSE:UL) by 43.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,241 shares of the company’s stock after buying an additional 10,435 shares during the period. Fulton Bank N.A.’s holdings in Unilever were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Natixis Advisors LLC increased its position in shares of Unilever by 3.1% during the 3rd quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock worth $73,950,000 after purchasing an additional 37,630 shares during the last quarter. Evergreen Capital Management LLC lifted its position in Unilever by 160.8% in the fourth quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock valued at $5,375,000 after buying an additional 50,682 shares during the last quarter. Wellington Management Group LLP lifted 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 valued at $2,054,973,000 after buying an additional 2,935,227 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in Unilever by 37.3% during the fourth quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock worth $5,127,000 after buying an additional 21,313 shares during the period. Finally, Cullen Investment Group LTD. purchased a new position in Unilever during the fourth quarter worth about $5,003,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Up 2.7%

Unilever stock opened at $62.52 on Friday. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97. The company’s 50 day moving average is $58.03 and its two-hundred day moving average is $62.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Zacks Research downgraded shares of Unilever from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently 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.