Gibbs Wealth Management Purchases 9,498 Shares of Unilever PLC $UL

Gibbs Wealth Management lifted its position in Unilever PLC (NYSE:UL) by 50.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,262 shares of the company’s stock after purchasing an additional 9,498 shares during the quarter. Gibbs Wealth Management’s holdings in Unilever were worth $1,610,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Unilever by 5.4% during the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock worth $599,000 after buying an additional 539 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Unilever by 4.7% during the 1st quarter. AQR Capital Management LLC now owns 35,007 shares of the company’s stock worth $2,085,000 after acquiring an additional 1,587 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Unilever by 39.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 15,848 shares of the company’s stock valued at $969,000 after acquiring an additional 4,501 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Unilever by 70.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 378,313 shares of the company’s stock valued at $23,141,000 after acquiring an additional 156,404 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Unilever by 17.4% in the second quarter. Sei Investments Co. now owns 427,577 shares of the company’s stock valued at $26,155,000 after acquiring an additional 63,376 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on UL. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Zacks Research cut Unilever from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Weiss Ratings downgraded Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada raised 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 given a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Unilever currently has an average rating of “Hold” and an average price target of $65.55.

Unilever Trading Down 2.7%

Shares of Unilever stock opened at $60.19 on Friday. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The company has a 50-day simple moving average of $59.14 and a 200 day simple moving average of $62.31.

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.