Unilever PLC $UL Position Lifted by Nwam LLC

Nwam LLC grew its stake in shares of Unilever PLC (NYSE:UL) by 72.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,558 shares of the company’s stock after acquiring an additional 8,616 shares during the period. Nwam LLC’s holdings in Unilever were worth $1,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its stake in Unilever by 16.4% in the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after purchasing an additional 937,346 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Unilever during the fourth quarter valued at approximately $268,704,000. Raymond James Financial Inc. raised its stake in Unilever by 9.8% during the fourth quarter. Raymond James Financial Inc. now owns 3,616,603 shares of the company’s stock valued at $236,526,000 after buying an additional 323,393 shares in the last quarter. Royal Bank of Canada lifted its holdings in Unilever by 13.6% during the 1st quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock worth $193,915,000 after buying an additional 406,610 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Unilever by 44.3% during the 4th 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. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Up 0.3%

NYSE:UL opened at $64.60 on Thursday. The stock has a 50 day moving average of $62.77 and a 200-day moving average of $61.60. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97.

Unilever (NYSE:UL) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($1.25). The company had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. As a group, sell-side analysts anticipate that Unilever PLC will post 3.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UL. TD Cowen reiterated a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Weiss Ratings upgraded Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.