Ropes Wealth Advisors LLC Purchases New Stake in Unilever N.V. (NYSE:UL)
Ropes Wealth Advisors LLC purchased a new stake in Unilever N.V. (NYSE:UL) during the second quarter, HoldingsChannel reports. The firm purchased 423 shares of the company’s stock, valued at approximately $26,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CX Institutional bought a new position in Unilever during the 2nd quarter worth $25,000. Strategy Asset Managers LLC bought a new position in Unilever during the 1st quarter worth $25,000. Interactive Financial Advisors bought a new position in Unilever during the 1st quarter worth $29,000. Lenox Wealth Management Inc. increased its position in Unilever by 225.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 566 shares of the company’s stock worth $35,000 after buying an additional 392 shares during the period. Finally, Adirondack Trust Co. increased its position in Unilever by 258.8% during the 2nd quarter. Adirondack Trust Co. now owns 610 shares of the company’s stock worth $38,000 after buying an additional 440 shares during the period. Institutional investors and hedge funds own 7.03% of the company’s stock.
UL has been the topic of several recent research reports. DZ Bank cut Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a research report on Wednesday. HSBC initiated coverage on Unilever in a research report on Friday, June 28th. They set a “hold” rating on the stock. Finally, Credit Suisse Group upgraded Unilever from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Unilever presently has a consensus rating of “Hold” and a consensus target price of $66.00.
Unilever Company Profile
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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