Lido Advisors LLC Increases Holdings in Unilever PLC $UL

Lido Advisors LLC increased its position in Unilever PLC (NYSE:UL) by 54.0% during the 1st quarter, Holdings Channel reports. The firm owned 33,556 shares of the company’s stock after acquiring an additional 11,766 shares during the quarter. Lido Advisors LLC’s holdings in Unilever were worth $1,920,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Unilever during the 4th quarter valued at $268,704,000. Norges Bank bought a new stake in shares of Unilever in the fourth quarter valued at about $132,027,000. Federated Hermes Inc. raised its holdings in shares of Unilever by 944.7% in the fourth quarter. Federated Hermes Inc. now owns 1,417,108 shares of the company’s stock valued at $92,679,000 after acquiring an additional 1,281,465 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Unilever by 44.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company’s stock worth $200,625,000 after acquiring an additional 942,286 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in Unilever by 78.8% in the second quarter. Corient Private Wealth LLC now owns 1,933,422 shares of the company’s stock worth $118,261,000 after acquiring an additional 852,099 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Unilever Trading Down 0.0%

NYSE UL opened at $60.92 on Monday. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97. The company has a 50 day moving average price of $59.24 and a 200 day moving average price of $62.29.

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.