Unilever PLC $UL Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its holdings in Unilever PLC (NYSE:UL) by 11.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 146,540 shares of the company’s stock after purchasing an additional 15,509 shares during the period. QRG Capital Management Inc.’s holdings in Unilever were worth $8,348,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of UL. Elyxium Wealth LLC bought a new stake in shares of Unilever during the 4th quarter valued at about $25,000. Financial Life Planners bought a new position in Unilever in the first quarter worth about $25,000. Palisade Asset Management LLC bought a new position in Unilever in the third quarter worth about $25,000. Bard Associates Inc. acquired a new position in Unilever in the fourth quarter valued at approximately $27,000. Finally, Asset Dedication LLC boosted its stake in Unilever by 108.8% in the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after acquiring an additional 248 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Price Performance

Unilever stock opened at $62.52 on Friday. The firm has a 50-day moving average price of $58.13 and a two-hundred day moving average price of $62.70. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97.

Wall Street Analysts Forecast Growth

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