Headlands Technologies LLC Grows Stock Position in Unilever PLC $UL

Headlands Technologies LLC boosted its holdings in Unilever PLC (NYSE:UL) by 126.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,770 shares of the company’s stock after buying an additional 11,603 shares during the period. Headlands Technologies LLC’s holdings in Unilever were worth $1,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of Unilever by 16.4% during the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock valued at $379,501,000 after acquiring an additional 937,346 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Unilever in the fourth quarter worth approximately $268,704,000. Raymond James Financial Inc. grew its holdings in Unilever by 9.8% in the fourth quarter. Raymond James Financial Inc. now owns 3,616,603 shares of the company’s stock valued at $236,526,000 after purchasing an additional 323,393 shares during the period. Royal Bank of Canada grew its holdings in Unilever by 13.6% in the first quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock valued at $193,915,000 after purchasing an additional 406,610 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Unilever by 44.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company’s stock worth $200,625,000 after purchasing an additional 942,286 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 0.5%

Shares of NYSE:UL opened at $64.77 on Tuesday. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97. The stock has a 50-day simple moving average of $62.58 and a 200-day simple moving average of $61.73.

Unilever (NYSE:UL) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The company had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $14.80 billion. On average, equities analysts predict that Unilever PLC will post 3.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UL shares. Weiss Ratings raised shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. TD Cowen reissued a “buy” rating on shares of Unilever in a research note on Wednesday, July 29th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Finally, Zacks Research raised 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, two have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Unilever has a consensus rating of “Hold” and an average price target 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.