Unilever PLC (NYSE:UL) Shares Bought by BTC Capital Management Inc.

BTC Capital Management Inc. increased its stake in Unilever PLC (NYSE:UL) by 8.4% in the 4th quarter, HoldingsChannel reports. The fund owned 37,958 shares of the company’s stock after acquiring an additional 2,943 shares during the period. BTC Capital Management Inc.’s holdings in Unilever were worth $2,141,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UL. Thrivent Financial for Lutherans grew its position in Unilever by 4.1% in the second quarter. Thrivent Financial for Lutherans now owns 13,538 shares of the company’s stock worth $744,000 after buying an additional 536 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Unilever in the 2nd quarter worth $594,000. NewEdge Advisors LLC raised its position in shares of Unilever by 15.1% during the second quarter. NewEdge Advisors LLC now owns 44,649 shares of the company’s stock worth $2,455,000 after purchasing an additional 5,846 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Unilever by 598.7% during the second quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock valued at $71,555,000 after purchasing an additional 1,114,992 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Unilever in the 2nd quarter valued at $5,417,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Up 1.8 %

UL stock opened at $58.29 on Friday. The company has a 50 day moving average of $57.51 and a two-hundred day moving average of $60.35. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87.

Analyst Upgrades and Downgrades

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

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.