Opal Capital LLC Invests $1.80 Million in Unilever PLC $UL

Opal Capital LLC bought a new position in shares of Unilever PLC (NYSE:UL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 27,513 shares of the company’s stock, valued at approximately $1,799,000.

Several other institutional investors and hedge funds have also made changes to their positions in UL. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Unilever during the fourth quarter worth $268,704,000. Wellington Management Group LLP lifted its position in shares of Unilever by 9.3% during the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after purchasing an additional 2,935,227 shares during the last quarter. Norges Bank bought a new stake in shares of Unilever during the fourth quarter worth $132,027,000. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Unilever during the third quarter worth $82,461,000. Finally, Federated Hermes Inc. lifted its position in shares of Unilever by 944.7% during the fourth quarter. Federated Hermes Inc. now owns 1,417,108 shares of the company’s stock worth $92,679,000 after purchasing an additional 1,281,465 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Up 0.6%

UL opened at $59.02 on Wednesday. The business’s 50-day moving average is $57.52 and its two-hundred day moving average is $63.22. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on UL shares. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Monday, May 18th. Weiss Ratings downgraded Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Finally, Argus upgraded Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $65.55.

About Unilever

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.