Moran Wealth Management LLC Grows Holdings in Unilever PLC $UL

Moran Wealth Management LLC boosted its position in shares of Unilever PLC (NYSE:UL) by 25.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,560 shares of the company’s stock after acquiring an additional 23,784 shares during the period. Moran Wealth Management LLC’s holdings in Unilever were worth $6,754,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UL. Cornerstone Wealth Management LLC increased its stake in shares of Unilever by 3.9% in the fourth quarter. Cornerstone Wealth Management LLC now owns 4,036 shares of the company’s stock worth $264,000 after purchasing an additional 151 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of Unilever by 19.4% during the 4th quarter. CoreCap Advisors LLC now owns 997 shares of the company’s stock valued at $65,000 after buying an additional 162 shares in the last quarter. Invested Advisors lifted its stake in shares of Unilever by 4.8% during the 4th quarter. Invested Advisors now owns 3,987 shares of the company’s stock valued at $261,000 after buying an additional 183 shares in the last quarter. Flputnam Investment Management Co. boosted its holdings in Unilever by 2.4% in the 4th quarter. Flputnam Investment Management Co. now owns 9,091 shares of the company’s stock worth $595,000 after buying an additional 214 shares during the period. Finally, Founders Financial Securities LLC boosted its holdings in Unilever by 0.4% in the 1st quarter. Founders Financial Securities LLC now owns 54,760 shares of the company’s stock worth $3,201,000 after buying an additional 219 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 0.1%

Shares of UL stock opened at $62.52 on Friday. The stock has a fifty day simple moving average of $58.13 and a two-hundred day simple moving average of $62.70. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97.

Wall Street Analysts Forecast Growth

UL has been the subject of a number of analyst reports. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, May 18th. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Zacks Research downgraded Unilever from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Finally, Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus 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.