Tectonic Advisors LLC Raises Stock Holdings in Unilever PLC (NYSE:UL)

Tectonic Advisors LLC lifted its holdings in shares of Unilever PLC (NYSE:UL) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,538 shares of the company’s stock after acquiring an additional 233 shares during the quarter. Tectonic Advisors LLC’s holdings in Unilever were worth $1,618,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of UL. Financial Life Planners purchased a new position in shares of Unilever in the fourth quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Unilever during the 3rd quarter valued at $35,000. Jamison Private Wealth Management Inc. grew its holdings in Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after acquiring an additional 405 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Unilever in the 3rd quarter worth about $40,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Unilever in the 4th quarter worth about $40,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Price Performance

UL stock opened at $57.28 on Wednesday. The firm has a 50-day simple moving average of $57.43 and a two-hundred day simple moving average of $60.39. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

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.