Ethic Inc. Acquires 13,752 Shares of Unilever PLC $UL

Ethic Inc. boosted its stake in Unilever PLC (NYSE:UL) by 13.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 114,713 shares of the company’s stock after acquiring an additional 13,752 shares during the quarter. Ethic Inc.’s holdings in Unilever were worth $6,967,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Axiom Investment Management LLC lifted its holdings in Unilever by 8.9% during the third quarter. Axiom Investment Management LLC now owns 6,114 shares of the company’s stock valued at $371,000 after purchasing an additional 500 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Unilever by 6.1% in the third quarter. Parallel Advisors LLC now owns 29,264 shares of the company’s stock valued at $1,777,000 after purchasing an additional 1,692 shares during the period. United Advisor Group LLC increased its stake in shares of Unilever by 7.8% during the third quarter. United Advisor Group LLC now owns 6,976 shares of the company’s stock worth $424,000 after purchasing an additional 505 shares in the last quarter. May Hill Capital LLC increased its stake in shares of Unilever by 16.4% during the third quarter. May Hill Capital LLC now owns 10,645 shares of the company’s stock worth $646,000 after purchasing an additional 1,497 shares in the last quarter. Finally, Asset One Wealth Management LLC purchased a new stake in shares of Unilever during the third quarter worth about $353,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of UL stock opened at $66.50 on Tuesday. Unilever PLC has a fifty-two week low of $54.75 and a fifty-two week high of $74.97. The stock’s fifty day moving average is $63.53 and its two-hundred day moving average is $62.67.

Analysts Set New Price Targets

Several research analysts recently weighed in on UL shares. Weiss Ratings upgraded shares of Unilever from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Monday, October 12th. Sanford C. Bernstein reiterated a “buy” rating on shares of Unilever in a research note on Wednesday, September 30th. TD Cowen reduced their target price on Unilever from $76.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Finally, Morningstar cut Unilever to a “hold” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $68.37.

Unilever Company Profile

Unilever plc is a global consumer goods company that develops and sells products across beauty and wellbeing, personal care, home care and food. Its brands include Dove, Vaseline, Knorr, Hellmann’s and Persil, with offerings ranging from skincare and haircare to household cleaning products, condiments and packaged foods.

The company traces its origins to the 1929 merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. Unilever serves consumers in markets around the world through retail and other distribution channels.

Headquartered in London, Unilever operates as a UK-based public company.