SCS Capital Management LLC Acquires 32,426 Shares of Unilever PLC $UL

SCS Capital Management LLC raised its holdings in Unilever PLC (NYSE:UL) by 16.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,254 shares of the company’s stock after purchasing an additional 32,426 shares during the period. SCS Capital Management LLC’s holdings in Unilever were worth $13,482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Elyxium Wealth LLC purchased a new stake in shares of Unilever during the 4th quarter valued at approximately $25,000. Financial Life Planners bought a new position in Unilever in the 1st quarter valued at $25,000. Palisade Asset Management LLC purchased a new position in Unilever during the third quarter worth about $25,000. Bard Associates Inc. purchased a new position in shares of Unilever during the fourth quarter worth about $27,000. Finally, Whipplewood Advisors LLC purchased a new position in Unilever in the 1st quarter worth approximately $29,000. Institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have 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. 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. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Weiss Ratings raised shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Finally, TD Cowen restated a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.55.

Unilever Price Performance

NYSE:UL opened at $62.12 on Monday. Unilever PLC has a fifty-two week low of $54.75 and a fifty-two week high of $74.97. The business has a 50 day moving average price of $61.28 and a 200-day moving average price of $62.16.

Unilever (NYSE:UL) last issued its earnings results on Tuesday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.92). The firm had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $14.80 billion. As a group, research analysts forecast that Unilever PLC will post 3.51 earnings per share for the current year.

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.