The Manufacturers Life Insurance Company Makes New $10.34 Million Investment in Unilever PLC $UL

The Manufacturers Life Insurance Company acquired a new stake in Unilever PLC (NYSE:UL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 172,056 shares of the company’s stock, valued at approximately $10,344,000.

Several other hedge funds have also recently modified their holdings of UL. Cornerstone Wealth Management LLC boosted its stake in shares of Unilever by 3.9% in the 4th quarter. Cornerstone Wealth Management LLC now owns 4,036 shares of the company’s stock worth $264,000 after buying an additional 151 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC boosted its position in Unilever by 3.2% in the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 5,754 shares of the company’s stock worth $328,000 after purchasing an additional 180 shares during the last quarter. Capital Analysts LLC grew its stake in Unilever by 5.3% in the 2nd quarter. Capital Analysts LLC now owns 3,748 shares of the company’s stock valued at $225,000 after purchasing an additional 187 shares during the period. HBK Sorce Advisory LLC increased its position in shares of Unilever by 3.1% during the 2nd quarter. HBK Sorce Advisory LLC now owns 6,191 shares of the company’s stock valued at $399,000 after purchasing an additional 187 shares during the last quarter. Finally, Cohen Investment Advisors LLC raised its stake in shares of Unilever by 2.9% during the 1st quarter. Cohen Investment Advisors LLC now owns 6,753 shares of the company’s stock worth $385,000 after purchasing an additional 192 shares during the period. Institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the subject of several research reports. Zacks Research upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. TD Cowen reiterated a “buy” rating on shares of Unilever in a research note on Wednesday, July 29th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Finally, Weiss Ratings upgraded Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Stock Performance

Shares of UL stock opened at $62.01 on Friday. The firm’s 50 day moving average is $63.05 and its 200 day moving average is $61.18. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97.

Unilever (NYSE:UL) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 earnings per share 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. On average, equities research analysts predict that Unilever PLC will post 3.53 earnings per share for the current year.

About Unilever

Unilever PLC is a global consumer goods company that develops, markets and sells products across beauty and wellbeing, personal care, home care and foods. Its portfolio includes well-known brands such as Dove, Vaseline, Axe, TRESemmé, Sunsilk, Hellmann’s, Knorr, Cif, Domestos and OMO or Persil, depending on the market.

The company serves consumers in markets around the world, with products distributed through retail stores, e-commerce platforms and other channels. Its offerings include skin and hair care, deodorants, oral care, household cleaning products, dressings, condiments, soups and cooking products.

Unilever was created in 1929 through the combination of Margarine Unie, a Dutch margarine producer, and Lever Brothers, a British soap maker.