Unilever PLC $UL Shares Bought by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE grew its holdings in shares of Unilever PLC (NYSE:UL) by 77.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 113,886 shares of the company’s stock after purchasing an additional 49,728 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Unilever were worth $7,448,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of Unilever during the 4th quarter valued at about $25,000. Palisade Asset Management LLC bought a new position in shares of Unilever during the third quarter valued at approximately $25,000. Global Wealth Strategies & Associates bought a new position in shares of Unilever during the fourth quarter valued at approximately $29,000. Asset Dedication LLC grew its holdings in shares of Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after purchasing an additional 248 shares during the last quarter. Finally, Financial Life Planners bought a new position in shares of Unilever during the third quarter valued at approximately $30,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UL shares. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Argus raised Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Stock Performance

NYSE:UL opened at $58.64 on Thursday. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97. The company has a 50-day moving average of $57.30 and a 200-day moving average of $63.47.

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.