JCIC Asset Management Inc. Acquires Shares of 51,210 Unilever PLC (NYSE:UL)

JCIC Asset Management Inc. acquired a new stake in shares of Unilever PLC (NYSE:UL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 51,210 shares of the company’s stock, valued at approximately $3,327,000. Unilever accounts for about 1.4% of JCIC Asset Management Inc.’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors have also made changes to their positions in the company. Red Tortoise LLC purchased a new stake in Unilever during the 1st quarter worth $26,000. Quent Capital LLC purchased a new stake in shares of Unilever during the first quarter worth about $28,000. ST Germain D J Co. Inc. lifted its stake in shares of Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after acquiring an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC boosted its holdings in Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Unilever during the 2nd quarter valued at approximately $30,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

Unilever stock opened at $60.65 on Thursday. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $65.87. The firm’s 50-day moving average is $63.77 and its 200-day moving average is $58.01.

Wall Street Analyst Weigh In

Several research firms have recently commented on UL. TD Cowen initiated coverage on Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock 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.