IFP Advisors Inc Grows Position in Unilever PLC $UL

IFP Advisors Inc increased its holdings in Unilever PLC (NYSE:UL) by 87.4% in the fourth quarter, Holdings Channel reports. The fund owned 112,406 shares of the company’s stock after purchasing an additional 52,430 shares during the quarter. IFP Advisors Inc’s holdings in Unilever were worth $6,746,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in shares of Unilever during the fourth quarter valued at about $25,000. Palisade Asset Management LLC purchased a new stake in shares of Unilever during the third quarter valued at about $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Unilever during the fourth quarter valued at about $29,000. Asset Dedication LLC lifted its position in shares of Unilever by 108.8% during the third 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 last quarter. Finally, Financial Life Planners purchased a new stake in shares of Unilever during the third quarter valued at about $30,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Up 0.7%

Shares of Unilever stock opened at $57.63 on Thursday. The company has a 50 day moving average price of $59.03 and a 200 day moving average price of $64.64. Unilever PLC has a 52 week low of $54.95 and a 52 week high of $74.97.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings lowered shares of Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 31st. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Unilever has an average rating of “Hold” and an average 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.