Harbour Investments Inc. Increases Stock Holdings in Unilever PLC $UL

Harbour Investments Inc. lifted its position in Unilever PLC (NYSE:UL) by 280.6% in the fourth quarter, HoldingsChannel reports. The firm owned 20,867 shares of the company’s stock after buying an additional 15,384 shares during the period. Harbour Investments Inc.’s holdings in Unilever were worth $1,365,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

UL has been the subject of several research analyst reports. Argus raised shares of Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings lowered shares of Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $65.55.

Unilever Price Performance

Shares of UL opened at $56.49 on Friday. Unilever PLC has a 1 year low of $54.95 and a 1 year high of $74.97. The company’s 50-day simple moving average is $57.98 and its 200-day simple moving average is $64.11.

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.