Bedell Frazier Investment Counselling LLC Has $9.76 Million Holdings in Unilever PLC $UL

Bedell Frazier Investment Counselling LLC grew its holdings in Unilever PLC (NYSE:UL) by 65.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,599 shares of the company’s stock after acquiring an additional 62,969 shares during the quarter. Unilever accounts for 2.5% of Bedell Frazier Investment Counselling LLC’s portfolio, making the stock its 11th largest holding. Bedell Frazier Investment Counselling LLC’s holdings in Unilever were worth $9,763,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of UL. Empowered Funds LLC boosted its holdings in Unilever by 83.8% in the 2nd quarter. Empowered Funds LLC now owns 114,746 shares of the company’s stock valued at $7,019,000 after purchasing an additional 52,322 shares during the period. Frank Rimerman Advisors LLC raised its position in shares of Unilever by 225.2% during the second quarter. Frank Rimerman Advisors LLC now owns 14,560 shares of the company’s stock valued at $891,000 after buying an additional 10,083 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Unilever during the second quarter valued at about $219,000. Financial Gravity Companies Inc. bought a new stake in shares of Unilever in the second quarter valued at about $2,405,000. Finally, Avantax Advisory Services Inc. grew its position in Unilever by 5.7% during the second quarter. Avantax Advisory Services Inc. now owns 68,822 shares of the company’s stock worth $4,210,000 after buying an additional 3,735 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Unilever stock opened at $59.23 on Tuesday. The business has a 50 day simple moving average of $60.89 and a 200 day simple moving average of $61.59. Unilever PLC has a one year low of $54.32 and a one year high of $65.66.

Wall Street Analyst Weigh In

Several equities analysts have commented on UL shares. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Wednesday, November 5th. CICC Research initiated coverage on Unilever in a research report on Thursday, August 21st. They set an “outperform” rating on the stock. Zacks Research lowered Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Unilever has an average rating of “Moderate Buy” and a consensus price target of $73.00.

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.