Moran Wealth Management LLC Purchases 11,552 Shares of Unilever PLC $UL

Moran Wealth Management LLC lifted its position in Unilever PLC (NYSE:UL) by 9.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 130,112 shares of the company’s stock after buying an additional 11,552 shares during the period. Moran Wealth Management LLC’s holdings in Unilever were worth $7,822,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UL. Evergreen Capital Management LLC boosted its stake in Unilever by 160.8% in the fourth quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock valued at $5,375,000 after acquiring an additional 50,682 shares in the last quarter. Saturna Capital Corp increased its position in shares of Unilever by 38.0% during the first quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock worth $45,252,000 after purchasing an additional 218,767 shares in the last quarter. Diversify Wealth Management LLC increased its position in shares of Unilever by 77.6% during the first quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock worth $2,226,000 after purchasing an additional 17,093 shares in the last quarter. Bank of America Corp DE lifted its holdings 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 valued at $379,501,000 after purchasing an additional 937,346 shares during the last quarter. Finally, Managed Asset Portfolios LLC lifted its holdings in shares of Unilever by 12.5% during the 4th quarter. Managed Asset Portfolios LLC now owns 299,763 shares of the company’s stock valued at $19,604,000 after purchasing an additional 33,324 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 0.9%

NYSE UL opened at $62.12 on Friday. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The company has a fifty day simple moving average of $61.28 and a two-hundred day simple moving average of $62.20.

Unilever (NYSE:UL) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates 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. On average, research analysts expect that Unilever PLC will post 3.51 earnings per share for the current year.

Analysts Set New Price Targets

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

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.