Abel Hall LLC Makes New $538,000 Investment in Unilever PLC $UL

Abel Hall LLC acquired a new stake in Unilever PLC (NYSE:UL – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,861 shares of the company’s stock, valued at approximately $538,000.

Several other hedge funds have also recently bought and sold shares of UL. Corient Private Wealth LP boosted its holdings in Unilever by 21.2% during the 2nd quarter. Corient Private Wealth LP now owns 533,030 shares of the company’s stock valued at $32,046,000 after acquiring an additional 93,161 shares during the period. First Eagle Investment Management LLC grew its position in Unilever by 4.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 842,507 shares of the company’s stock valued at $50,652,000 after acquiring an additional 36,567 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Unilever during the second quarter worth about $10,344,000. Saturna Capital Corp increased its stake in Unilever by 38.0% during the first quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock worth $45,252,000 after purchasing an additional 218,767 shares during the period. Finally, Diversify Wealth Management LLC increased its stake in Unilever by 77.6% during the first quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock worth $2,226,000 after purchasing an additional 17,093 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Morningstar lowered shares of Unilever to a “hold” rating in a research note on Thursday, July 30th. Royal Bank Of Canada restated a “sector perform” rating on shares of Unilever in a report on Tuesday, July 28th. TD Cowen reduced their target price on shares of Unilever from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Unilever presently has an average rating of “Hold” and a consensus price target of $68.37.

Get Our Latest Report on Unilever

Unilever Trading Down 1.5%

UL traded down $0.98 on Monday, hitting $65.18. 2,770,332 shares of the company were exchanged, compared to its average volume of 4,039,271. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97. The firm has a 50-day moving average price of $62.82 and a two-hundred day moving average price of $60.47.

Unilever (NYSE:UL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($1.25). The business had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $14.80 billion. Sell-side analysts expect that Unilever PLC will post 3.57 earnings per share for the current fiscal year.

Unilever Company Profile

(Free Report)

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, markets and sells branded products used in households and personal care, with operations serving consumers across developed and emerging markets worldwide.

The company’s portfolio includes beauty and wellbeing products, personal care items, home care products, and foods and refreshments. Its brands include Dove, Vaseline, Axe, TRESemmé, Cif, OMO, Persil, Knorr, Hellmann’s and Ben & Jerry’s, although product offerings vary by market.

Unilever was formed in 1929 through the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie.

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