Unilever PLC $UL Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC boosted its position in Unilever PLC (NYSE:UL) by 9.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 130,112 shares of the company’s stock after purchasing an additional 11,552 shares during the period. Moran Wealth Management LLC’s holdings in Unilever were worth $7,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Unilever during the 4th quarter worth approximately $268,704,000. Lazard Asset Management LLC boosted its holdings in shares of Unilever by 674.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock valued at $159,208,000 after acquiring an additional 2,433,625 shares during the last quarter. Norges Bank purchased a new stake in shares of Unilever in the 4th quarter valued at $132,027,000. Federated Hermes Inc. increased its stake 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 worth $92,679,000 after acquiring an additional 1,281,465 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Unilever in the first quarter worth $67,107,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Down 0.9%

Shares of NYSE UL opened at $62.12 on Friday. The firm’s 50 day simple moving average is $61.28 and its 200-day simple moving average is $62.20. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97.

Unilever (NYSE:UL) last posted its earnings results on Tuesday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.92). The company had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $14.80 billion. Equities analysts predict that Unilever PLC will post 3.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Weiss Ratings raised Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Finally, Zacks Research raised Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. 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 assigned a Sell rating to the company. According to data from MarketBeat, Unilever presently has a consensus rating of “Hold” and a consensus 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.