41,347 Shares in Unilever PLC $UL Bought by Royal Palms Capital LLC

Royal Palms Capital LLC purchased a new position in shares of Unilever PLC (NYSE:UL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 41,347 shares of the company’s stock, valued at approximately $2,704,000. Unilever accounts for approximately 3.2% of Royal Palms Capital LLC’s portfolio, making the stock its 17th biggest holding.

Several other hedge funds have also recently made changes to their positions in UL. Wellington Management Group LLP raised its stake in shares of Unilever by 9.3% in the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock valued at $2,054,973,000 after buying an additional 2,935,227 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Unilever by 13,906.2% in the third quarter. Thrivent Financial for Lutherans now owns 2,268,300 shares of the company’s stock valued at $134,465,000 after buying an additional 2,252,105 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Unilever in the third quarter valued at $82,461,000. Fisher Asset Management LLC raised its stake in shares of Unilever by 4.4% in the third quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock valued at $1,336,048,000 after buying an additional 959,269 shares during the period. Finally, Corient Private Wealth LLC raised its stake in shares of Unilever by 78.8% in the second quarter. Corient Private Wealth LLC now owns 1,933,422 shares of the company’s stock valued at $118,261,000 after buying an additional 852,099 shares during the period. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Down 0.5%

NYSE:UL opened at $57.04 on Wednesday. Unilever PLC has a 52-week low of $54.95 and a 52-week high of $74.97. The business’s fifty day moving average is $58.42 and its 200 day moving average is $64.33.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UL. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft lowered Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Kepler Capital Markets lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.55.

Unilever Company 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.