Cantor Fitzgerald Investment Advisors L.P. Buys 7,847 Shares of Unilever PLC $UL

Cantor Fitzgerald Investment Advisors L.P. boosted its stake in Unilever PLC (NYSE:UL) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,048 shares of the company’s stock after buying an additional 7,847 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Unilever were worth $7,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Corient Private Wealth LP grew its position in shares of Unilever by 21.2% in the second quarter. Corient Private Wealth LP now owns 533,030 shares of the company’s stock valued at $32,046,000 after purchasing an additional 93,161 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Unilever by 4.5% in the second quarter. First Eagle Investment Management LLC now owns 842,507 shares of the company’s stock worth $50,652,000 after purchasing an additional 36,567 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Unilever during the 2nd quarter worth about $10,344,000. Saturna Capital Corp grew its holdings in Unilever by 38.0% in the 1st 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. Finally, Diversify Wealth Management LLC lifted its holdings 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 buying an additional 17,093 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE UL opened at $64.63 on Friday. The business has a fifty day moving average of $62.76 and a two-hundred day moving average of $60.42. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97.

Unilever (NYSE:UL) last announced its earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The company had revenue of $14.62 billion for the quarter, compared to analyst estimates of $14.80 billion. As a group, equities analysts forecast that Unilever PLC will post 3.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on UL shares. DZ Bank reissued a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Weiss Ratings raised Unilever from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Monday. TD Cowen reduced their price objective on Unilever from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Unilever in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $68.37.

Unilever Company Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann’s and Magnum, although product availability varies by market.

The company’s products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.