1,177,936 Shares in Unilever PLC $UL Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new stake in Unilever PLC (NYSE:UL) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 1,177,936 shares of the company’s stock, valued at approximately $67,107,000.

Several other large investors have also added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Unilever by 1.6% during the 3rd quarter. Bank of America Corp DE now owns 5,773,638 shares of the company’s stock valued at $342,261,000 after buying an additional 91,049 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Unilever in the fourth quarter worth about $268,704,000. Raymond James Financial Inc. lifted its holdings in shares of Unilever by 9.8% in the fourth quarter. Raymond James Financial Inc. now owns 3,616,603 shares of the company’s stock worth $236,526,000 after buying an additional 323,393 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Unilever by 44.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company’s stock valued at $200,625,000 after acquiring an additional 942,286 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in Unilever by 15.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,608,297 shares of the company’s stock valued at $170,586,000 after acquiring an additional 339,997 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

UL opened at $60.92 on Monday. The business’s fifty day simple moving average is $59.24 and its 200 day simple moving average is $62.29. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97.

Wall Street Analyst Weigh In

UL has been the subject of several analyst reports. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Finally, Zacks Research lowered shares of Unilever from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.55.

Unilever 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.