Factory Mutual Insurance Co. Increases Position in Unilever PLC $UL

Factory Mutual Insurance Co. increased its position in shares of Unilever PLC (NYSE:UL) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 629,900 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Factory Mutual Insurance Co.’s holdings in Unilever were worth $38,531,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UL. Wellington Management Group LLP raised its holdings in Unilever by 13.9% during the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock valued at $1,673,381,000 after acquiring an additional 3,421,054 shares during the period. Raymond James Financial Inc. grew its position in shares of Unilever by 7.1% during the first quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company’s stock worth $198,911,000 after purchasing an additional 221,958 shares in the last quarter. Hamlin Capital Management LLC grew its position in shares of Unilever by 0.5% during the second quarter. Hamlin Capital Management LLC now owns 3,085,571 shares of the company’s stock worth $188,744,000 after purchasing an additional 14,711 shares in the last quarter. Northern Trust Corp raised its stake in Unilever by 4.3% during the 1st quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock valued at $134,591,000 after purchasing an additional 93,677 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in Unilever by 12.8% in the 2nd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,219,261 shares of the company’s stock worth $74,582,000 after purchasing an additional 138,646 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

UL has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Wednesday, November 5th. Zacks Research lowered shares of Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. CICC Research assumed coverage on shares of Unilever in a research note on Thursday, August 21st. They set an “outperform” rating for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Unilever Price Performance

Shares of NYSE:UL opened at $60.82 on Tuesday. The firm has a fifty day simple moving average of $61.30 and a two-hundred day simple moving average of $61.70. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.66.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.