Cetera Investment Advisers Boosts Stock Holdings in Unilever PLC $UL

Cetera Investment Advisers lifted its position in Unilever PLC (NYSE:UL) by 5.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 252,984 shares of the company’s stock after acquiring an additional 13,182 shares during the quarter. Cetera Investment Advisers’ holdings in Unilever were worth $15,475,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in UL. Wellington Management Group LLP boosted its holdings in Unilever by 13.9% during the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after purchasing an additional 3,421,054 shares during the last quarter. Clark Capital Management Group Inc. bought a new position in shares of Unilever during the 1st quarter worth approximately $45,413,000. BNP Paribas Financial Markets boosted its stake in shares of Unilever by 764.5% in the 1st quarter. BNP Paribas Financial Markets now owns 775,561 shares of the company’s stock worth $46,185,000 after buying an additional 685,848 shares during the last quarter. Cheviot Value Management LLC purchased a new position in shares of Unilever in the 1st quarter worth approximately $24,374,000. Finally, Sustainable Growth Advisers LP grew its holdings in shares of Unilever by 164.2% in the second quarter. Sustainable Growth Advisers LP now owns 440,108 shares of the company’s stock valued at $26,921,000 after acquiring an additional 273,554 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

Shares of Unilever stock opened at $58.85 on Thursday. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66. The stock’s 50-day simple moving average is $60.74 and its 200 day simple moving average is $61.55.

Wall Street Analyst Weigh In

A number of analysts recently commented on UL shares. Zacks Research lowered Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. CICC Research assumed coverage on Unilever in a research report on Thursday, August 21st. They set an “outperform” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Company Profile

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.