SG Americas Securities LLC Takes Position in Unilever PLC $UL

SG Americas Securities LLC purchased a new position in shares of Unilever PLC (NYSE:UL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,852 shares of the company’s stock, valued at approximately $297,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in Unilever by 13.9% in the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock valued at $1,673,381,000 after buying an additional 3,421,054 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Unilever by 65.1% in the 1st quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company’s stock worth $13,821,000 after acquiring an additional 91,511 shares in the last quarter. Banco Santander S.A. increased its holdings in shares of Unilever by 70.6% in the 1st quarter. Banco Santander S.A. now owns 15,030 shares of the company’s stock valued at $895,000 after acquiring an additional 6,220 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Unilever by 7.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 211,767 shares of the company’s stock valued at $12,996,000 after acquiring an additional 15,421 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Unilever by 4.3% during the first quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock worth $134,591,000 after purchasing an additional 93,677 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Unilever Price Performance

Unilever stock opened at $60.59 on Friday. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66. The firm has a 50-day moving average price of $60.44 and a two-hundred day moving average price of $61.42.

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.