TD Waterhouse Canada Inc. Acquires 72,787 Shares of Unilever PLC $UL

TD Waterhouse Canada Inc. increased its holdings in shares of Unilever PLC (NYSE:UL) by 33.7% during the second quarter, Holdings Channel reports. The fund owned 288,725 shares of the company’s stock after acquiring an additional 72,787 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Unilever were worth $17,588,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of Unilever by 16.4% during the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after buying an additional 937,346 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Unilever in the 4th quarter valued at about $268,704,000. Raymond James Financial Inc. grew its stake in Unilever by 9.8% in the 4th 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 during the last quarter. Royal Bank of Canada raised its holdings in Unilever by 13.6% in the 1st quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock valued at $193,915,000 after acquiring an additional 406,610 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Unilever by 44.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company’s stock valued at $200,625,000 after acquiring an additional 942,286 shares during the period. Institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on UL. Zacks Research upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Finally, TD Cowen restated a “buy” rating on shares of Unilever in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Unilever has an average rating of “Hold” and an average price target of $65.55.

Unilever Stock Down 0.1%

NYSE:UL opened at $64.19 on Friday. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97. The firm’s 50-day simple moving average is $62.92 and its 200 day simple moving average is $61.55.

Unilever (NYSE:UL) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The business had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $14.80 billion. Research analysts expect that Unilever PLC will post 3.53 earnings per share for the current fiscal year.

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.