Bank of New York Mellon Corp Purchases 100,490 Shares of Unilever PLC $UL

Bank of New York Mellon Corp raised its position in shares of Unilever PLC (NYSE:UL) by 11.9% in the second quarter, Holdings Channel reports. The firm owned 943,718 shares of the company’s stock after acquiring an additional 100,490 shares during the quarter. Bank of New York Mellon Corp’s holdings in Unilever were worth $56,736,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UL. Saturna Capital Corp increased its holdings in Unilever by 38.0% during the first quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock valued at $45,252,000 after buying an additional 218,767 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in shares of Unilever by 77.6% during the 1st quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock worth $2,226,000 after acquiring an additional 17,093 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Unilever by 16.4% during the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after acquiring an additional 937,346 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Unilever by 674.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock valued at $159,208,000 after acquiring an additional 2,433,625 shares during the period. Finally, Arkadios Wealth Advisors grew its position in shares of Unilever by 135.1% during the 1st quarter. Arkadios Wealth Advisors now owns 31,179 shares of the company’s stock valued at $1,776,000 after acquiring an additional 17,918 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on UL shares. Zacks Research raised Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, July 6th. TD Cowen restated a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.55.

Unilever Price Performance

NYSE:UL opened at $65.02 on Thursday. The business’s 50-day simple moving average is $62.18 and its two-hundred day simple moving average is $61.88. Unilever PLC has a 52 week low of $54.75 and a 52 week high of $74.97.

Unilever (NYSE:UL) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The firm had revenue of $14.62 billion during the quarter, compared to analysts’ expectations of $14.80 billion. As a group, analysts expect that Unilever PLC will post 3.51 EPS for the current fiscal 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.