Unilever PLC $UL Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC grew its holdings in shares of Unilever PLC (NYSE:UL) by 77.6% during the first quarter, HoldingsChannel reports. The firm owned 39,116 shares of the company’s stock after purchasing an additional 17,093 shares during the quarter. Diversify Wealth Management LLC’s holdings in Unilever were worth $2,226,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in UL. Elyxium Wealth LLC purchased a new stake in shares of Unilever in the fourth quarter valued at $25,000. Financial Life Planners purchased a new position in Unilever during the first quarter worth about $25,000. Palisade Asset Management LLC acquired a new stake in Unilever in the 3rd quarter worth about $25,000. Bard Associates Inc. purchased a new stake in Unilever in the 4th quarter valued at about $27,000. Finally, Asset Dedication LLC grew its holdings in Unilever by 108.8% in the 3rd quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after buying an additional 248 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on UL. Weiss Ratings downgraded shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Monday, July 6th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Zacks Research lowered shares of Unilever from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Finally, Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Stock Performance

Shares of NYSE:UL opened at $61.52 on Tuesday. The business has a 50-day moving average of $58.60 and a two-hundred day moving average of $62.54. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97.

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.