Y Intercept Hong Kong Ltd Acquires 205,604 Shares of Unilever PLC $UL

Y Intercept Hong Kong Ltd grew its stake in Unilever PLC (NYSE:UL) by 1,545.2% during the first quarter, HoldingsChannel.com reports. The firm owned 218,910 shares of the company’s stock after buying an additional 205,604 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Unilever were worth $12,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP grew its stake in shares of Unilever by 9.3% during 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 during the period. Bank of America Corp DE lifted its stake 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 valued at $342,261,000 after buying an additional 91,049 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Unilever in the fourth quarter valued at about $268,704,000. Raymond James Financial Inc. boosted its holdings in Unilever by 9.8% during the fourth quarter. Raymond James Financial Inc. now owns 3,616,603 shares of the company’s stock worth $236,526,000 after buying an additional 323,393 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Unilever by 44.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company’s stock worth $200,625,000 after buying an additional 942,286 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Performance

Shares of Unilever stock opened at $62.52 on Friday. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97. The business has a 50-day moving average of $58.03 and a two-hundred day moving average of $62.70.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Weiss Ratings lowered shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Zacks Research cut shares of Unilever from a “hold” rating to a “strong sell” rating in a report on Monday. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Finally, DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.