Quadrature Capital Ltd Invests $690,000 in Unilever PLC $UL

Quadrature Capital Ltd bought a new stake in Unilever PLC (NYSE:UL) in the second quarter, HoldingsChannel reports. The fund bought 11,279 shares of the company’s stock, valued at approximately $690,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UL. Wellington Management Group LLP boosted its holdings in shares of Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock valued at $1,673,381,000 after purchasing an additional 3,421,054 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Unilever by 7.1% during the 1st quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company’s stock worth $198,911,000 after buying an additional 221,958 shares during the last quarter. Hamlin Capital Management LLC raised its position in shares of Unilever by 0.5% in the 2nd quarter. Hamlin Capital Management LLC now owns 3,085,571 shares of the company’s stock worth $188,744,000 after buying an additional 14,711 shares during the period. American Century Companies Inc. raised its position in shares of Unilever by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 2,585,409 shares of the company’s stock worth $158,149,000 after buying an additional 21,263 shares during the period. Finally, Northern Trust Corp boosted its holdings in Unilever by 4.3% in the first quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock valued at $134,591,000 after acquiring an additional 93,677 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. CICC Research assumed coverage on Unilever in a research note on Thursday, August 21st. They set an “outperform” rating for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Unilever in a report on Tuesday, November 25th. Zacks Research downgraded shares of Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Stock Down 0.4%

Shares of NYSE UL opened at $60.34 on Tuesday. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.66. The business has a 50-day moving average of $60.43 and a 200-day moving average of $61.41.

Unilever Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.