Gradient Investments LLC Purchases 9,804 Shares of Unilever PLC $UL

Gradient Investments LLC raised its holdings in shares of Unilever PLC (NYSE:UL) by 12.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,208 shares of the company’s stock after purchasing an additional 9,804 shares during the quarter. Gradient Investments LLC’s holdings in Unilever were worth $5,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC grew its position 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 valued at $264,000 after purchasing an additional 151 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC lifted its holdings in Unilever by 3.2% during the 1st quarter. Blake Schutter Theil Wealth Advisors LLC now owns 5,754 shares of the company’s stock worth $328,000 after purchasing an additional 180 shares in the last quarter. Invested Advisors lifted its holdings in Unilever by 4.8% during the 4th quarter. Invested Advisors now owns 3,987 shares of the company’s stock worth $261,000 after purchasing an additional 183 shares in the last quarter. Cohen Investment Advisors LLC boosted its stake in Unilever by 2.9% in the 1st quarter. Cohen Investment Advisors LLC now owns 6,753 shares of the company’s stock worth $385,000 after purchasing an additional 192 shares during the period. Finally, Flputnam Investment Management Co. boosted its stake 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 purchasing an additional 214 shares during the period. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UL. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. TD Cowen reiterated a “buy” rating on shares of Unilever in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Finally, Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $65.55.

Unilever Trading Down 1.2%

Shares of UL opened at $62.90 on Friday. The stock has a 50-day moving average price of $60.62 and a 200-day moving average price of $62.30. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97.

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.