SCS Capital Management LLC Purchases 32,426 Shares of Unilever PLC $UL

SCS Capital Management LLC grew its position in Unilever PLC (NYSE:UL) by 16.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,254 shares of the company’s stock after purchasing an additional 32,426 shares during the period. SCS Capital Management LLC’s holdings in Unilever were worth $13,482,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in UL. Evergreen Capital Management LLC lifted its position in shares of Unilever by 160.8% during the 4th quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock worth $5,375,000 after buying an additional 50,682 shares in the last quarter. Saturna Capital Corp boosted its stake in shares of Unilever by 38.0% in the 1st quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock worth $45,252,000 after buying an additional 218,767 shares during the last quarter. Diversify Wealth Management LLC grew its holdings in shares of Unilever by 77.6% in the first quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock valued at $2,226,000 after acquiring an additional 17,093 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of 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 acquiring an additional 937,346 shares in the last quarter. Finally, Managed Asset Portfolios LLC increased its position in shares of Unilever by 12.5% during the fourth quarter. Managed Asset Portfolios LLC now owns 299,763 shares of the company’s stock valued at $19,604,000 after acquiring an additional 33,324 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Up 0.0%

NYSE:UL opened at $62.12 on Monday. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97. The firm’s 50 day moving average is $61.28 and its 200 day moving average is $62.16.

Unilever (NYSE:UL) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.92). The business had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. As a group, equities research analysts anticipate that Unilever PLC will post 3.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on UL shares. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Zacks Research raised Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Finally, TD Cowen reissued a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.