Raleigh Capital Management Inc. Increases Stake in Unilever PLC $UL

Raleigh Capital Management Inc. increased its stake in Unilever PLC (NYSE:UL) by 69.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,199 shares of the company’s stock after acquiring an additional 10,781 shares during the period. Raleigh Capital Management Inc.’s holdings in Unilever were worth $1,493,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Elyxium Wealth LLC acquired a new position in Unilever during the fourth quarter worth approximately $25,000. Bard Associates Inc. purchased a new position in Unilever during the fourth quarter worth approximately $27,000. Palisade Asset Management LLC acquired a new position in shares of Unilever in the 3rd quarter valued at $25,000. Financial Life Planners acquired a new position in shares of Unilever in the 1st quarter valued at $25,000. Finally, Global Wealth Strategies & Associates purchased a new stake in shares of Unilever during the 4th quarter valued at $29,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Trading Up 0.1%

UL 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 has a 50 day moving average of $58.13 and a two-hundred day moving average of $62.70.

Wall Street Analysts Forecast Growth

UL has been the subject of a number of research analyst reports. Weiss Ratings downgraded Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Finally, Zacks Research downgraded Unilever from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Unilever currently has an average rating of “Hold” and a consensus target price of $65.55.

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.