Clare Market Investments LLC Invests $464,000 in Unilever PLC $UL

Clare Market Investments LLC purchased a new stake in Unilever PLC (NYSE:UL) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,141 shares of the company’s stock, valued at approximately $464,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC raised 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 purchasing an additional 50,682 shares during the period. Wellington Management Group LLP lifted its stake in shares of Unilever by 9.3% in the 3rd 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. DAVENPORT & Co LLC grew its holdings in shares of Unilever by 37.3% during the 4th quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock worth $5,127,000 after purchasing an additional 21,313 shares during the period. Cullen Investment Group LTD. purchased a new position in shares of Unilever during the 4th quarter worth $5,003,000. Finally, HF Advisory Group LLC increased its position in shares of Unilever by 1,135.3% during the 4th quarter. HF Advisory Group LLC now owns 388,355 shares of the company’s stock worth $25,398,000 after purchasing an additional 356,918 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL stock opened at $62.65 on Wednesday. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97. The firm has a 50 day moving average of $58.30 and a two-hundred day moving average of $62.64.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UL. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Weiss Ratings lowered shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday. Zacks Research downgraded shares of Unilever from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Two equities research 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.