Kennon Green & Company LLC Sells 24,403 Shares of Unilever PLC $UL

Kennon Green & Company LLC lessened its stake in shares of Unilever PLC (NYSE:UL) by 71.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,830 shares of the company’s stock after selling 24,403 shares during the period. Kennon Green & Company LLC’s holdings in Unilever were worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of UL. Bank of America Corp DE boosted its holdings in Unilever by 16.4% in the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after buying an additional 937,346 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Unilever by 13.6% during the first quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock valued at $193,915,000 after acquiring an additional 406,610 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Unilever by 674.2% in the first quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock valued at $159,208,000 after acquiring an additional 2,433,625 shares in the last quarter. Hamlin Capital Management LLC lifted its position in shares of Unilever by 11.6% in the second quarter. Hamlin Capital Management LLC now owns 2,722,721 shares of the company’s stock valued at $163,690,000 after acquiring an additional 282,076 shares in the last quarter. Finally, Equity Investment Corp boosted its stake in shares of Unilever by 2.4% in the second quarter. Equity Investment Corp now owns 1,996,952 shares of the company’s stock worth $120,057,000 after acquiring an additional 46,801 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE:UL traded up $0.29 during midday trading on Monday, hitting $59.99. The company had a trading volume of 2,655,768 shares, compared to its average volume of 4,071,682. Unilever PLC has a twelve month low of $54.75 and a twelve month high of $74.97. The business’s 50-day simple moving average is $63.15 and its 200-day simple moving average is $60.37.

Unilever (NYSE:UL) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The business had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $14.80 billion. Equities research analysts expect that Unilever PLC will post 3.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UL has been the subject of several research reports. Weiss Ratings upgraded Unilever from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. TD Cowen reaffirmed a “buy” rating on shares of Unilever in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Finally, Zacks Research upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.55.

Unilever Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann’s and Magnum, although product availability varies by market.

The company’s products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.