Procurement News Notice |
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| PNN | 7059 |
| Work Detail | Ngam Advisors Lp increased its stake in Unilever Plc (NYSE:UL) by 126.4% based on its latest 2016Q2 regulatory filing with the SEC. Ngam Advisors Lp bought 380,037 shares as the company’s stock rose 7.06% with the market. The institutional investor held 680,697 shares of the package goods and cosmetics company at the end of 2016Q2, valued at $30.75 million, up from 300,660 at the end of the previous reported quarter. Ngam Advisors Lp who had been investing in Unilever Plc for a number of months, seems to be bullish on the $148.48 billion market cap company. The stock closed at $48.63 during the last session. It is down 9.48% since February 1, 2016 and is uptrending. It has underperformed by 2.93% the S&P500. Ngam Advisors Lp, which manages about $16.78B and $6.68 billion US Long portfolio, decreased its stake in Brown Forman Corp (NYSE:BF.B) by 37,221 shares to 17,830 shares, valued at $1.76M in 2016Q2, according to the filing. It also reduced its holding in Spdr Sandp 500 (SPY) by 80,266 shares in the quarter, leaving it with 324,261 shares, and cut its stake in Wisdomtree Tr (DXJ). Ngam Advisors Lp is a Massachusetts-based institutional investor with more than $16.78 billion AUM in June, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Ngam Advisors latest Adv, the fund reported to have 100 full and part-time employees. Among which 20 performing investment advisory and research functions. The institutional investor had between 11-25 clients. Out of 3 analysts covering Unilever (NYSE:UL), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Unilever has been the topic of 3 analyst reports since January 12, 2016 according to StockzIntelligence Inc. Bernstein initiated the stock on August 22 with “Outperform” rating. Unilever PLC is a supplier of food, home and personal care products. The company has a market cap of $148.48 billion. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. It has a 25.26 P/E ratio. The Firm operates through four divisions: Personal Care, Foods, Home Care and Refreshment. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://presstelegraph.com/2016/09/06/ngam-advisors-lp-increased-unilever-plc-nyseul-by-17-10-million-as-shares-rose/ |
