Allspring Global Investments Holdings LLC Acquires 190,753 Shares of Unilever PLC (NYSE:UL)

Allspring Global Investments Holdings LLC grew its holdings in Unilever PLC (NYSE:UL) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,240,653 shares of the company’s stock after acquiring an additional 190,753 shares during the period. Allspring Global Investments Holdings LLC owned about 0.05% of Unilever worth $70,132,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Unilever during the fourth quarter valued at $26,000. Financial Life Planners bought a new position in shares of Unilever during the 4th quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Unilever during the third quarter valued at about $35,000. Jamison Private Wealth Management Inc. increased its holdings in shares of Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after purchasing an additional 405 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Unilever in the third quarter worth about $40,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Unilever Stock Performance

Unilever stock opened at $59.09 on Thursday. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm has a 50-day moving average price of $57.29 and a 200-day moving average price of $60.39.

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.