Munich Reinsurance Co Stock Corp in Munich Increases Stock Position in Unilever PLC $UL

Munich Reinsurance Co Stock Corp in Munich boosted its position in shares of Unilever PLC (NYSE:UL) by 26.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,554,524 shares of the company’s stock after purchasing an additional 320,304 shares during the period. Unilever makes up about 2.2% of Munich Reinsurance Co Stock Corp in Munich’s holdings, making the stock its 8th biggest holding. Munich Reinsurance Co Stock Corp in Munich’s holdings in Unilever were worth $88,561,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Evergreen Capital Management LLC raised its holdings in Unilever by 160.8% in the 4th quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock worth $5,375,000 after acquiring an additional 50,682 shares during the last quarter. Wellington Management Group LLP boosted its stake in Unilever by 9.3% during the 3rd quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock valued at $2,054,973,000 after purchasing an additional 2,935,227 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in Unilever by 37.3% during the 4th quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock valued at $5,127,000 after purchasing an additional 21,313 shares during the last quarter. Cullen Investment Group LTD. bought a new stake in shares of Unilever in the 4th quarter worth $5,003,000. Finally, HF Advisory Group LLC increased its holdings in shares of Unilever by 1,135.3% in the 4th quarter. HF Advisory Group LLC now owns 388,355 shares of the company’s stock worth $25,398,000 after purchasing an additional 356,918 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UL shares. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Monday. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Zacks Research cut shares of Unilever from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Finally, DZ Bank raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Unilever presently has a consensus rating of “Hold” and an average price target of $65.55.

Unilever Trading Down 1.4%

Shares of UL opened at $61.86 on Thursday. The firm has a fifty day simple moving average of $58.39 and a two-hundred day simple moving average of $62.62. Unilever PLC has a 1-year low of $54.75 and a 1-year high of $74.97.

Unilever Company 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.