Moran Wealth Management LLC Raises Stock Position in Unilever PLC $UL

Moran Wealth Management LLC boosted its position in shares of Unilever PLC (NYSE:UL) by 25.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,560 shares of the company’s stock after acquiring an additional 23,784 shares during the period. Moran Wealth Management LLC’s holdings in Unilever were worth $6,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of UL. Elyxium Wealth LLC acquired a new position in shares of Unilever during the fourth quarter worth $25,000. Financial Life Planners purchased a new stake in shares of Unilever during the 1st quarter valued at $25,000. Palisade Asset Management LLC purchased a new stake in shares of Unilever during the 3rd quarter valued at $25,000. Bard Associates Inc. acquired a new stake in shares of Unilever in the 4th quarter worth $27,000. Finally, Asset Dedication LLC grew its stake in Unilever by 108.8% during the 3rd quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after buying an additional 248 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Zacks Research lowered Unilever from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Weiss Ratings downgraded Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. 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 issued a Sell rating to the company. According to MarketBeat.com, Unilever currently has a consensus rating of “Hold” and a consensus price target of $65.55.

Unilever Stock Up 0.1%

NYSE:UL opened at $62.52 on Friday. The firm’s fifty day moving average is $58.13 and its two-hundred day moving average is $62.70. Unilever PLC has a one year low of $54.75 and a one year high of $74.97.

Unilever Company 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.