New Republic Capital LLC Takes $236,000 Position in Unilever PLC (NYSE:UL)

New Republic Capital LLC bought a new position in Unilever PLC (NYSE:UL) in the fourth quarter, Holdings Channel reports. The institutional investor bought 4,169 shares of the company’s stock, valued at approximately $236,000.

Several other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC grew its holdings in shares of 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 purchasing an additional 1,114,177 shares during the period. Jennison Associates LLC grew its stake in shares of Unilever by 66.4% in the 4th quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock valued at $195,881,000 after buying an additional 1,378,517 shares during the period. Hamlin Capital Management LLC lifted its position in Unilever by 7.8% in the fourth quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company’s stock valued at $163,008,000 after buying an additional 207,549 shares during the last quarter. Bank of Montreal Can boosted its stake in Unilever by 3.7% during the third quarter. Bank of Montreal Can now owns 1,812,164 shares of the company’s stock worth $118,588,000 after buying an additional 63,835 shares during the period. Finally, Citigroup Inc. increased its position in shares of Unilever by 493.4% during 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. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of UL opened at $58.30 on Tuesday. The company’s 50 day simple moving average is $57.33 and its 200-day simple moving average is $60.40. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in 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. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein upgraded 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company 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.