Stokes Family Office LLC Purchases New Position in Unilever PLC $UL

Stokes Family Office LLC purchased a new position in shares of Unilever PLC (NYSE:UL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,353 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wedbush Securities Inc. grew its stake in Unilever by 24.7% in the 2nd quarter. Wedbush Securities Inc. now owns 4,809 shares of the company’s stock valued at $294,000 after acquiring an additional 953 shares during the period. Vestmark Advisory Solutions Inc. grew its position in shares of Unilever by 6.6% in the second quarter. Vestmark Advisory Solutions Inc. now owns 28,596 shares of the company’s stock valued at $1,749,000 after purchasing an additional 1,780 shares during the period. Bryn Mawr Trust Advisors LLC increased its stake in shares of Unilever by 3.9% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 5,935 shares of the company’s stock worth $363,000 after purchasing an additional 225 shares in the last quarter. Smart Money Group LLC raised its position in shares of Unilever by 7.3% during the 2nd quarter. Smart Money Group LLC now owns 16,473 shares of the company’s stock worth $1,008,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in Unilever by 38.7% in the 2nd quarter. Savant Capital LLC now owns 27,855 shares of the company’s stock worth $1,704,000 after buying an additional 7,772 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UL has been the subject of a number of research analyst reports. Zacks Research cut Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research report on Wednesday, October 8th. CICC Research assumed coverage on Unilever in a report on Thursday, August 21st. They issued an “outperform” rating on the stock. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Unilever Stock Performance

Unilever stock opened at $61.49 on Friday. The company has a 50-day moving average price of $61.35 and a 200 day moving average price of $61.74. Unilever PLC has a 12-month low of $54.32 and a 12-month high of $65.66.

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.