Opal Capital LLC Invests $1.80 Million in Unilever PLC $UL

Opal Capital LLC purchased a new position in shares of Unilever PLC (NYSE:UL) during the fourth quarter, Holdings Channel.com reports. The fund purchased 27,513 shares of the company’s stock, valued at approximately $1,799,000.

A number of other large investors have also modified their holdings of UL. Elyxium Wealth LLC purchased a new stake in shares of Unilever during the fourth quarter worth about $25,000. Palisade Asset Management LLC purchased a new stake in shares of Unilever during the third quarter worth about $25,000. Bard Associates Inc. purchased a new stake in shares of Unilever during the fourth quarter worth about $27,000. Asset Dedication LLC grew its stake in shares of Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after acquiring an additional 248 shares during the last quarter. Finally, Global Wealth Strategies & Associates purchased a new stake in shares of Unilever during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Unilever stock opened at $59.02 on Wednesday. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97. The stock’s 50 day simple moving average is $57.52 and its two-hundred day simple moving average is $63.22.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UL shares. Kepler Capital Markets lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings lowered 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 research note on Wednesday, April 8th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. Finally, Argus upgraded Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.55.

Unilever Profile

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.