Tevis Investment Management Has $5.91 Million Stake in Unilever PLC $UL

Tevis Investment Management grew its stake in shares of Unilever PLC (NYSE:UL) by 15.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,231 shares of the company’s stock after buying an additional 12,826 shares during the quarter. Unilever accounts for approximately 3.2% of Tevis Investment Management’s portfolio, making the stock its 5th largest holding. Tevis Investment Management’s holdings in Unilever were worth $5,906,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Elyxium Wealth LLC bought a new position in shares of Unilever in the 4th quarter worth approximately $25,000. Bard Associates Inc. bought a new stake in Unilever in the fourth quarter worth $27,000. Palisade Asset Management LLC bought a new stake in Unilever in the third quarter worth $25,000. Financial Life Planners purchased a new stake in shares of Unilever in the first quarter worth $25,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Unilever in the first quarter worth $29,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Unilever stock opened at $62.12 on Friday. The firm has a 50-day moving average of $61.28 and a two-hundred day moving average of $62.20. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97.

Unilever (NYSE:UL) last issued its earnings results on Tuesday, July 28th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.92). The firm had revenue of $14.62 billion for the quarter, compared to analyst estimates of $14.80 billion. Equities analysts forecast that Unilever PLC will post 3.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UL shares. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. TD Cowen reiterated a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. 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. Weiss Ratings upgraded Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Finally, Zacks Research upgraded Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Unilever currently has a consensus rating of “Hold” and an average target price of $65.55.

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.