Assetmark Inc. Buys 76,886 Shares of Unilever PLC $UL

Assetmark Inc. increased its stake in Unilever PLC (NYSE:UL) by 76.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 177,496 shares of the company’s stock after purchasing an additional 76,886 shares during the period. Assetmark Inc.’s holdings in Unilever were worth $10,857,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of UL. N.E.W. Advisory Services LLC bought a new position in shares of Unilever in the first quarter worth $30,000. Brentview Investment Management LLC bought a new position in Unilever in the first quarter valued at about $33,000. Richardson Financial Services Inc. grew its position in Unilever by 209.0% in the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after acquiring an additional 418 shares during the last quarter. Financial Connections Group Inc. bought a new position in Unilever in the second quarter valued at about $39,000. Finally, Marshall & Sullivan Inc. WA bought a new position in Unilever in the second quarter valued at about $55,000. Institutional investors own 9.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on UL. Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research report on Wednesday, October 8th. Zacks Research cut Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. CICC Research began coverage on Unilever in a research report on Thursday, August 21st. They issued an “outperform” rating on the stock. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $73.00.

Unilever Stock Performance

NYSE:UL opened at $60.21 on Friday. The stock’s 50-day moving average is $61.49 and its 200-day moving average is $61.83. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.66.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.