Tectonic Advisors LLC Increases Stake in Unilever PLC (NYSE:UL)

Tectonic Advisors LLC lifted its stake in shares of Unilever PLC (NYSE:UL) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,538 shares of the company’s stock after acquiring an additional 233 shares during the period. Tectonic Advisors LLC’s holdings in Unilever were worth $1,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stonegate Investment Group LLC raised its stake in shares of Unilever by 155.2% during the fourth quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock worth $477,000 after purchasing an additional 5,117 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Unilever by 16.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after buying an additional 15,941 shares during the period. Verition Fund Management LLC acquired a new stake in Unilever during the third quarter worth about $11,694,000. WCM Investment Management LLC grew its stake in shares of 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 buying an additional 21,441 shares in the last quarter. Finally, Radnor Capital Management LLC purchased a new position in Unilever in the third quarter valued at about $1,388,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Performance

NYSE UL opened at $57.28 on Wednesday. The stock’s 50-day moving average is $57.43 and its two-hundred day moving average is $60.39. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Analyst Ratings Changes

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