Burkett Asset Management Ltd Makes New $1.40 Million Investment in Unilever PLC $UL

Burkett Asset Management Ltd purchased a new position in shares of Unilever PLC (NYSE:UL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,470 shares of the company’s stock, valued at approximately $1,404,000. Unilever accounts for approximately 1.4% of Burkett Asset Management Ltd’s investment portfolio, making the stock its 24th largest holding.

A number of other large investors have also recently made changes to their positions in UL. Elyxium Wealth LLC purchased a new position in shares of Unilever during the 4th quarter worth about $25,000. Palisade Asset Management LLC purchased a new position in shares of Unilever during the 3rd quarter worth about $25,000. Asset Dedication LLC boosted its stake in shares of Unilever by 108.8% during the 3rd quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after purchasing an additional 248 shares during the period. Global Wealth Strategies & Associates purchased a new position in shares of Unilever during the 4th quarter worth about $29,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Unilever during the 3rd quarter worth about $29,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on UL shares. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. 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 cut shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Argus raised shares of Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Kepler Capital Markets cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $65.55.

Unilever Trading Down 0.5%

Shares of UL opened at $58.36 on Friday. Unilever PLC has a 1-year low of $54.75 and a 1-year high of $74.97. The company has a 50-day moving average of $57.33 and a 200 day moving average of $63.40.

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.