Byrne Asset Management LLC Buys 3,345 Shares of Unilever PLC (NYSE:UL)

Byrne Asset Management LLC increased its stake in shares of Unilever PLC (NYSE:UL) by 45.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,745 shares of the company’s stock after acquiring an additional 3,345 shares during the quarter. Byrne Asset Management LLC’s holdings in Unilever were worth $609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of UL. Jennison Associates LLC lifted its position in Unilever by 981.6% during the 3rd quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock valued at $134,868,000 after purchasing an additional 1,884,216 shares during the period. Fisher Asset Management LLC lifted its holdings in 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 buying an additional 1,114,177 shares during the period. Citigroup Inc. boosted its stake in Unilever by 493.4% in 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 raised its position in shares of Unilever by 7,466.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock valued at $40,897,000 after acquiring an additional 621,248 shares during the last quarter. Finally, Canoe Financial LP acquired a new position in shares of Unilever in the 3rd quarter valued at $23,488,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of UL stock opened at $58.28 on Friday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company’s 50 day moving average price is $57.36 and its two-hundred day moving average price is $60.36.

Wall Street Analyst Weigh In

UL has been the subject of a number of recent analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. 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 given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Unilever currently has a consensus rating of “Hold” and an average 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.