Corient Private Wealth LP Has $32.50 Million Stake in Unilever PLC $UL

Corient Private Wealth LP raised its position in Unilever PLC (NYSE:UL) by 22.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 540,569 shares of the company’s stock after buying an additional 100,700 shares during the quarter. Corient Private Wealth LP’s holdings in Unilever were worth $32,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Saturna Capital Corp boosted its holdings in shares of Unilever by 38.0% in the 1st quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock valued at $45,252,000 after purchasing an additional 218,767 shares in the last quarter. Diversify Wealth Management LLC lifted its position in shares of Unilever by 77.6% during the 1st quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock worth $2,226,000 after buying an additional 17,093 shares during the last quarter. Bank of America Corp DE boosted its stake in Unilever by 16.4% in the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock valued at $379,501,000 after buying an additional 937,346 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Unilever by 674.2% in the first quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock valued at $159,208,000 after buying an additional 2,433,625 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in Unilever by 135.1% in the first quarter. Arkadios Wealth Advisors now owns 31,179 shares of the company’s stock valued at $1,776,000 after acquiring an additional 17,918 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

Unilever stock opened at $64.45 on Friday. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97. The firm has a 50 day moving average price of $62.30 and a two-hundred day moving average price of $61.82.

Unilever (NYSE:UL) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The firm had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. Equities analysts expect that Unilever PLC will post 3.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on UL. TD Cowen reiterated a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Finally, Zacks Research upgraded 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, two have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.55.

Unilever Company 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.