Stonegate Investment Group LLC Purchases 5,117 Shares of Unilever PLC (NYSE:UL)

Stonegate Investment Group LLC increased its position in shares of Unilever PLC (NYSE:UL) by 155.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,415 shares of the company’s stock after acquiring an additional 5,117 shares during the period. Stonegate Investment Group LLC’s holdings in Unilever were worth $477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UL. Wealth Enhancement Advisory Services LLC lifted its position in Unilever by 16.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after purchasing an additional 15,941 shares during the last quarter. Verition Fund Management LLC purchased a new position in Unilever in the third quarter worth $11,694,000. WCM Investment Management LLC increased its stake in Unilever by 236.2% in the third quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after acquiring an additional 21,441 shares during the last quarter. Radnor Capital Management LLC purchased a new stake in Unilever during the third quarter valued at about $1,388,000. Finally, Oak Ridge Investments LLC lifted its stake in Unilever by 5.5% during the fourth quarter. Oak Ridge Investments LLC now owns 115,946 shares of the company’s stock worth $6,574,000 after purchasing an additional 6,092 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Trading Down 1.0 %

Shares of UL stock opened at $57.52 on Wednesday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The stock has a 50 day moving average price of $57.51 and a two-hundred day moving average price of $60.39.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UL. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $61.75.

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.