Unilever PLC (NYSE:UL) Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. increased its stake in Unilever PLC (NYSE:UL) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 424,442 shares of the company’s stock after buying an additional 7,056 shares during the quarter. Cibc World Market Inc.’s holdings in Unilever were worth $24,066,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever in the third quarter valued at approximately $35,000. Jamison Private Wealth Management Inc. grew its holdings in Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Unilever during the 3rd quarter valued at $40,000. Union Bancaire Privee UBP SA purchased a new stake in Unilever during the 4th quarter worth $40,000. Finally, Coastline Trust Co acquired a new position in Unilever in the 3rd quarter worth $48,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Trading Down 1.6 %

Shares of NYSE UL opened at $57.38 on Friday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The business has a 50 day simple moving average of $57.51 and a 200-day simple moving average of $60.35.

Analysts Set New Price Targets

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

Unilever Company 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.