Inlet Private Wealth LLC Acquires 1,098 Shares of The Unilever Group (NYSE:UL)

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Inlet Private Wealth LLC increased its holdings in shares of The Unilever Group (NYSE:UL) by 9.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 12,325 shares of the company’s stock after purchasing an additional 1,098 shares during the period. Inlet Private Wealth LLC’s holdings in The Unilever Group were worth $760,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Keebeck Wealth Management LLC bought a new stake in The Unilever Group during the second quarter valued at $25,000. MV Capital Management Inc. purchased a new stake in The Unilever Group in the 2nd quarter valued at about $28,000. CNB Bank purchased a new stake in The Unilever Group in the 2nd quarter valued at about $30,000. Hoover Financial Advisors Inc. purchased a new stake in The Unilever Group in the 2nd quarter valued at about $31,000. Finally, RMR Wealth Builders purchased a new stake in The Unilever Group in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 7.61% of the company’s stock.

UL stock traded up $0.46 during trading on Friday, hitting $62.76. The company had a trading volume of 820,974 shares, compared to its average volume of 1,284,198. The firm has a market capitalization of $73.34 billion, a P/E ratio of 21.94 and a beta of 0.46. The Unilever Group has a 52-week low of $44.06 and a 52-week high of $63.89. The company has a 50 day simple moving average of $61.35 and a 200-day simple moving average of $56.55.

UL has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on shares of The Unilever Group in a research note on Monday, October 12th. They set an “underperform” rating for the company. Goldman Sachs Group restated a “buy” rating on shares of The Unilever Group in a research note on Tuesday, July 7th. JPMorgan Chase & Co. restated a “neutral” rating on shares of The Unilever Group in a research note on Thursday, October 1st. Morgan Stanley reaffirmed a “sell” rating on shares of The Unilever Group in a report on Wednesday, July 8th. Finally, Zacks Investment Research downgraded shares of The Unilever Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 23rd. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The Unilever Group presently has a consensus rating of “Hold” and a consensus target price of $56.50.

The Unilever Group Company Profile

The Unilever Group, together with its subsidiaries, operates in the fast-moving consumer goods industry worldwide. It operates through three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and skin cleansing products under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmé, and Vaseline brands.

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Institutional Ownership by Quarter for The Unilever Group (NYSE:UL)

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