Y Intercept Hong Kong Ltd Invests $1.17 Million in Unilever PLC $UL

Y Intercept Hong Kong Ltd bought a new position in Unilever PLC (NYSE:UL) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 19,051 shares of the company’s stock, valued at approximately $1,165,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in shares of Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after purchasing an additional 3,421,054 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Unilever by 2.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company’s stock worth $233,787,000 after acquiring an additional 95,359 shares in the last quarter. Raymond James Financial Inc. lifted its position in Unilever by 7.1% during the 1st quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company’s stock valued at $198,911,000 after acquiring an additional 221,958 shares during the period. Hamlin Capital Management LLC lifted its position in Unilever by 0.5% during the 2nd quarter. Hamlin Capital Management LLC now owns 3,085,571 shares of the company’s stock valued at $188,744,000 after acquiring an additional 14,711 shares during the period. Finally, Northern Trust Corp lifted its position in Unilever by 4.3% during the 1st quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock valued at $134,591,000 after acquiring an additional 93,677 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Up 0.8%

Shares of Unilever stock opened at $60.69 on Tuesday. Unilever PLC has a 52-week low of $54.32 and a 52-week high of $65.66. The company has a 50-day simple moving average of $61.46 and a two-hundred day simple moving average of $61.81.

Analyst Ratings Changes

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