Unilever PLC $UL Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its position in Unilever PLC (NYSE:UL) by 33.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,677 shares of the company’s stock after acquiring an additional 26,983 shares during the period. Quadrant Capital Group LLC’s holdings in Unilever were worth $6,666,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of UL. Corient Private Wealth LP raised its holdings in Unilever by 21.2% in the 2nd quarter. Corient Private Wealth LP now owns 533,030 shares of the company’s stock worth $32,046,000 after purchasing an additional 93,161 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Unilever by 4.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 842,507 shares of the company’s stock worth $50,652,000 after purchasing an additional 36,567 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Unilever during the 2nd quarter valued at about $10,344,000. Saturna Capital Corp boosted its stake in shares of Unilever by 38.0% during 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. Finally, Diversify Wealth Management LLC boosted its stake 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 valued at $2,226,000 after purchasing an additional 17,093 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UL shares. Sanford C. Bernstein reiterated a “buy” rating on shares of Unilever in a research report on Wednesday, September 30th. Weiss Ratings upgraded shares of Unilever from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Barclays restated a “buy” rating on shares of Unilever in a report on Tuesday, July 7th. TD Cowen cut their price objective on Unilever from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Unilever in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Unilever currently has an average rating of “Hold” and a consensus target price of $68.37.

Unilever Trading Up 0.1%

UL opened at $65.19 on Wednesday. The stock has a fifty day simple moving average of $62.93 and a two-hundred day simple moving average of $60.59. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97.

Unilever (NYSE:UL) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The business had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. Research analysts forecast that Unilever PLC will post 3.57 earnings per share for the current fiscal year.

About Unilever

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, markets and sells branded products used in households and personal care, with operations serving consumers across developed and emerging markets worldwide.

The company’s portfolio includes beauty and wellbeing products, personal care items, home care products, and foods and refreshments. Its brands include Dove, Vaseline, Axe, TRESemmé, Cif, OMO, Persil, Knorr, Hellmann’s and Ben & Jerry’s, although product offerings vary by market.

Unilever was formed in 1929 through the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie.