Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in Unilever PLC $UL

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Unilever PLC (NYSE:UL) by 85.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,770 shares of the company’s stock after purchasing an additional 3,569 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Unilever were worth $475,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Unilever by 13.9% during the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock valued at $1,673,381,000 after acquiring an additional 3,421,054 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Unilever by 7.1% in the 1st quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company’s stock valued at $198,911,000 after purchasing an additional 221,958 shares during the period. Hamlin Capital Management LLC boosted its position in shares of Unilever by 0.5% during the second quarter. Hamlin Capital Management LLC now owns 3,085,571 shares of the company’s stock valued at $188,744,000 after purchasing an additional 14,711 shares in the last quarter. Northern Trust Corp boosted its position in shares of Unilever by 4.3% during the first quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock valued at $134,591,000 after purchasing an additional 93,677 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Unilever by 12.8% in the second quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,219,261 shares of the company’s stock worth $74,582,000 after purchasing an additional 138,646 shares during the period. 9.67% of the stock is owned by institutional investors.

Unilever Stock Up 0.7%

UL opened at $59.27 on Friday. The stock has a 50-day moving average price of $60.66 and a 200-day moving average price of $61.53. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66.

Wall Street Analyst Weigh In

UL has been the subject of several recent research reports. Zacks Research lowered Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. CICC Research assumed coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Unilever in a research note on Wednesday. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.