Zions Bancorporation National Association UT Increases Stake in Unilever PLC $UL

Zions Bancorporation National Association UT grew its position in shares of Unilever PLC (NYSE:UL) by 97.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,834 shares of the company’s stock after buying an additional 45,830 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Unilever were worth $6,071,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. LPL Financial LLC raised its position in Unilever by 28.0% during the 4th quarter. LPL Financial LLC now owns 1,336,926 shares of the company’s stock worth $87,435,000 after buying an additional 292,117 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Unilever by 7.3% in the 4th quarter. Manchester Capital Management LLC now owns 13,485 shares of the company’s stock valued at $882,000 after purchasing an additional 923 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of Unilever in the 4th quarter valued at about $39,000. Fiera Capital Corp increased its holdings in shares of Unilever by 16.0% in the 4th quarter. Fiera Capital Corp now owns 5,825 shares of the company’s stock valued at $381,000 after purchasing an additional 805 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Unilever by 36.1% in the 4th quarter. JPMorgan Chase & Co. now owns 2,491,268 shares of the company’s stock valued at $162,929,000 after purchasing an additional 660,176 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE:UL opened at $58.64 on Thursday. The firm has a 50-day moving average price of $57.30 and a two-hundred day moving average price of $63.47. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UL. Argus upgraded shares of Unilever to a “strong-buy” rating in a report on Monday, March 2nd. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings downgraded shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Unilever presently has an average rating of “Hold” and a consensus 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.