Azimuth Capital Management LLC bought a new stake in Unilever PLC (NYSE:UL) in the 4th quarter, Holdings Channel.com reports. The firm bought 59,096 shares of the company’s stock, valued at approximately $3,567,000.
A number of other large investors have also recently modified their holdings of UL. BlackRock Inc. lifted its stake in Unilever by 13,019.3% in the 4th quarter. BlackRock Inc. now owns 18,772,198 shares of the company’s stock valued at $1,133,090,000 after purchasing an additional 18,629,110 shares during the last quarter. Gardner Russo & Gardner LLC acquired a new stake in Unilever in the 4th quarter valued at about $673,353,000. Wells Fargo & Company MN lifted its stake in Unilever by 199.6% in the 4th quarter. Wells Fargo & Company MN now owns 6,530,946 shares of the company’s stock valued at $394,208,000 after purchasing an additional 4,351,317 shares during the last quarter. Northern Trust Corp lifted its stake in Unilever by 208.9% in the 4th quarter. Northern Trust Corp now owns 4,269,676 shares of the company’s stock valued at $257,718,000 after purchasing an additional 2,887,678 shares during the last quarter. Finally, Coho Partners Ltd. acquired a new stake in Unilever in the 4th quarter valued at about $172,905,000.
UL stock traded up $1.06 during mid-day trading on Tuesday, hitting $55.37. 263,912 shares of the company were exchanged, compared to its average volume of 2,167,824. The business has a 50 day simple moving average of $57.95 and a 200-day simple moving average of $59.75. The stock has a market capitalization of $64.70 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 4.19 and a beta of 0.44. Unilever PLC has a 1-year low of $44.06 and a 1-year high of $63.89.
Separately, Zacks Investment Research downgraded shares of Unilever from a “hold” rating to a “sell” rating in a research note on Wednesday, February 10th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $57.00.
Unilever PLC, together with its subsidiaries, operates in the fast-moving consumer goods industry worldwide. It operates through three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and skin cleansing products under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmÃ©, and Vaseline brands.
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