Gibbs Wealth Management Buys 9,498 Shares of Unilever PLC $UL

Gibbs Wealth Management increased its stake in Unilever PLC (NYSE:UL) by 50.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 28,262 shares of the company’s stock after purchasing an additional 9,498 shares during the quarter. Gibbs Wealth Management’s holdings in Unilever were worth $1,610,000 at the end of the most recent reporting period.

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

Unilever Stock Performance

NYSE:UL opened at $60.19 on Friday. The firm’s 50-day moving average is $59.14 and its 200-day moving average is $62.31. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UL shares. Weiss Ratings downgraded Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Finally, Zacks Research lowered Unilever from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $65.55.

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.