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

Cibc World Market Inc. increased its position in Unilever PLC (NYSE:UL) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 424,442 shares of the company’s stock after acquiring an additional 7,056 shares during the period. Cibc World Market Inc.’s holdings in Unilever were worth $24,066,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of UL. Jennison Associates LLC lifted its stake in Unilever by 981.6% in the 3rd quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock valued at $134,868,000 after buying an additional 1,884,216 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Unilever by 7.1% in the third quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock valued at $1,086,547,000 after acquiring an additional 1,114,177 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Unilever by 493.4% during the third quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock valued at $71,785,000 after acquiring an additional 918,841 shares during the last quarter. Icon Wealth Advisors LLC increased its position in Unilever by 7,466.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $40,897,000 after purchasing an additional 621,248 shares in the last quarter. Finally, Canoe Financial LP purchased a new stake in Unilever during the 3rd quarter worth about $23,488,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Down 1.6 %

Shares of UL opened at $57.38 on Friday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The company’s fifty day moving average is $57.51 and its two-hundred day moving average is $60.35.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on UL shares. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Hold” and an average target price 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.