First Eagle Investment Management LLC Purchases 36,567 Shares of Unilever PLC $UL

First Eagle Investment Management LLC increased its holdings in Unilever PLC (NYSE:UL) by 4.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 842,507 shares of the company’s stock after acquiring an additional 36,567 shares during the quarter. First Eagle Investment Management LLC’s holdings in Unilever were worth $50,652,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in Unilever during the fourth quarter worth about $25,000. Financial Life Planners purchased a new stake in shares of Unilever in the 1st quarter valued at about $25,000. Palisade Asset Management LLC bought a new stake in shares of Unilever during the 3rd quarter valued at about $25,000. Bard Associates Inc. bought a new stake in shares of Unilever during the 4th quarter valued at about $27,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Unilever during the first quarter worth about $29,000. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of UL opened at $64.19 on Monday. Unilever PLC has a fifty-two week low of $54.75 and a fifty-two week high of $74.97. The firm has a 50 day moving average price of $62.92 and a 200-day moving average price of $61.46.

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

Wall Street Analysts Forecast Growth

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

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.