Lake Street Advisors Group LLC Increases Stock Position in Unilever PLC (NYSE:UL)

Lake Street Advisors Group LLC grew its stake in shares of Unilever PLC (NYSE:UL) by 86.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,816 shares of the company’s stock after buying an additional 5,945 shares during the period. Lake Street Advisors Group LLC’s holdings in Unilever were worth $643,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Allen Wealth Management LLC acquired a new stake in Unilever during the 4th quarter valued at $2,415,000. Principal Securities Inc. acquired a new position in shares of Unilever in the fourth quarter worth about $1,131,000. Diversify Advisory Services LLC purchased a new position in Unilever in the first quarter valued at about $863,000. Virtu Financial LLC purchased a new position in Unilever in the fourth quarter valued at about $867,000. Finally, Levin Capital Strategies L.P. grew its stake in Unilever by 35.7% during the 4th quarter. Levin Capital Strategies L.P. now owns 428,269 shares of the company’s stock valued at $20,762,000 after purchasing an additional 112,677 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Argus upped their target price on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. TD Cowen initiated coverage on shares of Unilever in a report on Tuesday. They set a “buy” rating and a $67.00 price objective for the company. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Unilever has a consensus rating of “Hold” and a consensus target price of $58.33.

Unilever Stock Up 6.3 %

Shares of NYSE:UL traded up $3.54 on Thursday, reaching $60.08. 2,659,944 shares of the company’s stock were exchanged, compared to its average volume of 2,730,666. The business’s 50-day moving average is $55.74 and its two-hundred day moving average is $51.73. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $60.24.

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.