Gradient Investments LLC Buys 9,804 Shares of Unilever PLC $UL

Gradient Investments LLC increased its stake in Unilever PLC (NYSE:UL) by 12.8% in the 2nd quarter, Holdings Channel reports. The fund owned 86,208 shares of the company’s stock after buying an additional 9,804 shares during the quarter. Gradient Investments LLC’s holdings in Unilever were worth $5,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in Unilever during the fourth quarter valued at about $25,000. Financial Life Planners purchased a new position in shares of Unilever in the 1st quarter worth about $25,000. Palisade Asset Management LLC bought a new position in shares of Unilever during the 3rd quarter valued at about $25,000. Bard Associates Inc. bought a new position in shares of Unilever during the 4th quarter valued at about $27,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Unilever during the 1st quarter valued at about $29,000. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 1.2%

UL opened at $62.90 on Friday. The business’s 50-day moving average price is $60.62 and its 200-day moving average price is $62.30. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97.

Analyst Ratings Changes

A number of analysts recently weighed in on UL shares. TD Cowen restated a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. 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 shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.55.

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.