Unilever (UL) Sees Large Volume Increase
Shares of Unilever plc (NYSE:UL) saw unusually-strong trading volume on Wednesday . Approximately 4,234,967 shares were traded during trading, an increase of 209% from the previous session’s volume of 1,371,000 shares.The stock last traded at $55.73 and had previously closed at $55.73.
A number of analysts have commented on UL shares. Zacks Investment Research raised Unilever from a “sell” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Wednesday, December 13th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Argus started coverage on Unilever in a report on Friday, November 17th. They set a “hold” rating for the company. Finally, Morgan Stanley reissued a “neutral” rating on shares of Unilever in a report on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $44.50.
The firm has a market capitalization of $166,260.00, a price-to-earnings ratio of 22.38, a P/E/G ratio of 2.03 and a beta of 0.89.
A number of institutional investors and hedge funds have recently modified their holdings of UL. Harding Loevner LP increased its holdings in Unilever by 5,115.5% during the 3rd quarter. Harding Loevner LP now owns 136,128,531 shares of the company’s stock worth $24,696,000 after purchasing an additional 133,518,453 shares in the last quarter. LMR Partners LLP bought a new position in shares of Unilever in the third quarter valued at approximately $40,438,000. Goldman Sachs Group Inc. grew its holdings in shares of Unilever by 47.6% in the second quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock valued at $99,434,000 after acquiring an additional 592,653 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Unilever by 25,856.4% in the third quarter. Assetmark Inc. now owns 230,752 shares of the company’s stock valued at $13,374,000 after acquiring an additional 229,863 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Unilever in the third quarter valued at approximately $8,537,000. 7.09% of the stock is owned by hedge funds and other institutional investors.
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Unilever Company Profile
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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