Harris Associates L P Increased Unilever Plc (NYSE:UL) Stake by $19.73 Million

May 23, 2018 - By Michael Collier

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Harris Associates L P increased its stake in Unilever Plc (NYSE:UL) by 4.64% based on its latest 2018Q1 regulatory filing with the SEC. Harris Associates L P bought 358,790 shares as the company’s stock declined 4.14% with the market. The hedge fund held 8.09 million shares of the package goods and cosmetics company at the end of 2018Q1, valued at $449.37 million, up from 7.73M at the end of the previous reported quarter. Harris Associates L P who had been investing in Unilever Plc for a number of months, seems to be bullish on the $151.57 billion market cap company. The stock decreased 0.87% or $0.49 during the last trading session, reaching $55.67. About 422,714 shares traded. Unilever PLC (NYSE:UL) has risen 5.35% since May 23, 2017 and is uptrending. It has underperformed by 6.20% the S&P500.

Harris Associates L P, which manages about $59.90 billion US Long portfolio, decreased its stake in Harley Davidson Inc (NYSE:HOG) by 7.85 million shares to 69,414 shares, valued at $2.98M in 2018Q1, according to the filing. It also reduced its holding in Borgwarner Inc (NYSE:BWA) by 364,700 shares in the quarter, leaving it with 4.94M shares, and cut its stake in Te Connectivity Ltd (NYSE:TEL).

A multinational corporate and investment bank based with a headquarters in Paris, France, Natixis Global Asset Management is known as the 14th largest asset management firm in the globe. The Groupe Caisse d’Epargne and the Banque Populaire are its two largest shareholders that when combined would result to an exceeding 70% total shares. Basically, the remaining amount accounted for in the Paris Stock Exchange. Harris Associates L P is a Illinois-based hedge fund that was founded by Natixis Global Asset Management. It had more than $122.00 billion assets under management in June, 2014. Harris Associates L P is the 37th largest hedge fund in our database. Taken from Harris Associates L latest Adv, the fund reported to have 178 full and part-time employees. Among which 27 performing investment advisory and research functions. The hedge fund had more than 2200 clients.

Unilever PLC operates in the fast-moving consumer goods market. The company has market cap of $151.57 billion. The firm operates through Personal Care, Foods, Home Care, and Refreshment divisions. It has a 20.92 P/E ratio. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products.

Another recent and important Unilever PLC (NYSE:UL) news was published by Globenewswire.com which published an article titled: “Consolidated Research: 2018 Summary Expectations for Care, Unilever, CECO Environmental, Carter’s, ObsEva SA …” on May 14, 2018.

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