Bessemer Group Inc. Buys 1,439 Shares of Unilever PLC $UL

Bessemer Group Inc. increased its stake in Unilever PLC (NYSE:UL) by 21.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,077 shares of the company’s stock after purchasing an additional 1,439 shares during the quarter. Bessemer Group Inc.’s holdings in Unilever were worth $494,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. GoalVest Advisory LLC increased its stake in Unilever by 1.3% in the 2nd quarter. GoalVest Advisory LLC now owns 22,803 shares of the company’s stock worth $1,395,000 after buying an additional 288 shares in the last quarter. Riverwater Partners LLC grew its position in Unilever by 46.3% in the second quarter. Riverwater Partners LLC now owns 13,113 shares of the company’s stock worth $802,000 after acquiring an additional 4,152 shares in the last quarter. Resonant Capital Advisors LLC grew its position in Unilever by 28.5% in the second quarter. Resonant Capital Advisors LLC now owns 8,695 shares of the company’s stock worth $532,000 after acquiring an additional 1,931 shares in the last quarter. Atlatl Advisers LLC purchased a new position in Unilever in the second quarter worth about $326,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in Unilever in the second quarter worth about $1,471,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 1.1%

Shares of UL opened at $60.21 on Monday. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.66. The business’s 50-day moving average is $61.49 and its two-hundred day moving average is $61.83.

Analysts Set New Price Targets

Several brokerages have issued reports on UL. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. CICC Research began coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating for the company. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Finally, Zacks Research downgraded Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

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.