Lane Brothers & Co. Inc. Acquires New Position in Unilever PLC $UL

Lane Brothers & Co. Inc. acquired a new stake in Unilever PLC (NYSE:UL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,616 shares of the company’s stock, valued at approximately $956,000. Unilever comprises about 0.7% of Lane Brothers & Co. Inc.’s portfolio, making the stock its 29th largest position.

A number of other institutional investors have also bought and sold shares of the business. Larry Mathis Financial Planning LLC purchased a new stake in shares of Unilever in the fourth quarter valued at approximately $437,000. Advisortrust Partners LLC acquired a new stake in shares of Unilever in the fourth quarter valued at approximately $414,000. Pure Financial Advisors LLC purchased a new position in Unilever during the fourth quarter worth approximately $236,000. SHP Wealth Management purchased a new position in Unilever during the fourth quarter worth approximately $46,000. Finally, Reflection Asset Management purchased a new position in Unilever during the fourth quarter worth approximately $41,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UL has been the subject of several analyst reports. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Argus raised shares of Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Finally, Weiss Ratings cut shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Trading Up 0.0%

UL opened at $58.40 on Friday. Unilever PLC has a one year low of $54.75 and a one year high of $74.97. The business’s 50 day moving average price is $57.61 and its 200 day moving average price is $63.04.

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.