Cardinal Capital Management Inc. Grows Stake in Unilever PLC $UL

Cardinal Capital Management Inc. raised its position in shares of Unilever PLC (NYSE:UL) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 441,818 shares of the company’s stock after purchasing an additional 26,101 shares during the period. Cardinal Capital Management Inc.’s holdings in Unilever were worth $26,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its position in shares of Unilever by 16.4% during the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after buying an additional 937,346 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Unilever in the fourth quarter valued at about $268,704,000. Raymond James Financial Inc. raised its holdings in shares of Unilever by 9.8% in the fourth quarter. Raymond James Financial Inc. now owns 3,616,603 shares of the company’s stock valued at $236,526,000 after acquiring an additional 323,393 shares in the last quarter. Royal Bank of Canada lifted its stake in Unilever by 13.6% in the first quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock worth $193,915,000 after acquiring an additional 406,610 shares during the period. Finally, 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. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Performance

Shares of UL opened at $62.33 on Wednesday. The company has a 50 day moving average of $60.89 and a two-hundred day moving average of $62.26. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UL. TD Cowen reiterated a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Zacks Research upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings raised shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.