Atlantic Union Bankshares Corp Boosts Stock Holdings in Unilever PLC $UL

Atlantic Union Bankshares Corp lifted its holdings in shares of Unilever PLC (NYSE:UL) by 1,394.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,363 shares of the company’s stock after purchasing an additional 69,388 shares during the period. Atlantic Union Bankshares Corp’s holdings in Unilever were worth $4,549,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of UL. Wellington Management Group LLP increased its position in shares of Unilever by 13.9% during the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock valued at $1,673,381,000 after buying an additional 3,421,054 shares during the period. Raymond James Financial Inc. increased its holdings in Unilever by 7.1% during the 1st quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company’s stock worth $198,911,000 after acquiring an additional 221,958 shares during the period. Hamlin Capital Management LLC increased its holdings in Unilever by 0.5% during the 2nd quarter. Hamlin Capital Management LLC now owns 3,085,571 shares of the company’s stock worth $188,744,000 after acquiring an additional 14,711 shares during the period. Northern Trust Corp lifted its stake in Unilever by 4.3% in the 1st quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock worth $134,591,000 after purchasing an additional 93,677 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Unilever by 12.8% in the 2nd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,219,261 shares of the company’s stock valued at $74,582,000 after purchasing an additional 138,646 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UL. CICC Research started coverage on Unilever in a research note on Thursday, August 21st. They set an “outperform” rating for the company. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Wednesday. Zacks Research cut Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.00.

Unilever Trading Down 0.5%

NYSE UL opened at $60.96 on Friday. The business’s fifty day moving average is $61.38 and its 200 day moving average is $61.78. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.66.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.