Financial Advocates Investment Management Has $314,000 Position in Unilever PLC (NYSE:UL)

Financial Advocates Investment Management lifted its holdings in shares of Unilever PLC (NYSE:UL) by 29.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,537 shares of the company’s stock after purchasing an additional 1,273 shares during the period. Financial Advocates Investment Management’s holdings in Unilever were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UL. Jennison Associates LLC lifted its holdings in Unilever by 981.6% in the third quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock valued at $134,868,000 after buying an additional 1,884,216 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock valued at $1,086,547,000 after purchasing an additional 1,114,177 shares during the period. Citigroup Inc. boosted its position in shares of Unilever by 493.4% in the 3rd quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock worth $71,785,000 after purchasing an additional 918,841 shares during the last quarter. Icon Wealth Advisors LLC grew its stake in shares of Unilever by 7,466.0% during the third quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $40,897,000 after purchasing an additional 621,248 shares during the period. Finally, Canoe Financial LP bought a new stake in Unilever in the third quarter valued at about $23,488,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Unilever presently has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Up 0.4 %

Shares of NYSE UL opened at $58.28 on Monday. The company has a fifty day moving average price of $57.33 and a 200 day moving average price of $60.38. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

About Unilever

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.