Unilever PLC $UL Shares Sold by Calydon Capital

Calydon Capital trimmed its stake in shares of Unilever PLC (NYSE:UL) by 65.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,914 shares of the company’s stock after selling 15,150 shares during the quarter. Calydon Capital’s holdings in Unilever were worth $469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UL. Wellington Management Group LLP raised its holdings in Unilever by 9.3% during the 3rd quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after buying an additional 2,935,227 shares during the period. Norges Bank acquired a new position in shares of Unilever in the second quarter worth about $144,979,000. Thrivent Financial for Lutherans increased its position in shares of Unilever by 13,906.2% in the third quarter. Thrivent Financial for Lutherans now owns 2,268,300 shares of the company’s stock worth $134,465,000 after acquiring an additional 2,252,105 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Unilever by 10.2% in the second quarter. Fisher Asset Management LLC now owns 21,578,648 shares of the company’s stock worth $1,319,966,000 after acquiring an additional 1,989,631 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Unilever during the 3rd quarter valued at $82,461,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL stock opened at $64.01 on Monday. Unilever PLC has a 12-month low of $61.78 and a 12-month high of $74.97. The firm has a 50-day moving average price of $68.56 and a 200 day moving average price of $68.08.

Unilever (NYSE:UL) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.00). The business had revenue of $11.87 billion during the quarter, compared to the consensus estimate of $31.39 billion. On average, research analysts predict that Unilever PLC will post 3.27 EPS for the current year.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, February 27th will be paid a $0.5547 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.22 dividend on an annualized basis and a yield of 3.5%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Kepler Capital Markets downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. UBS Group reaffirmed a “sell” rating on shares of Unilever in a research report on Wednesday, December 10th. Weiss Ratings cut shares of Unilever from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Morgan Stanley set a $60.10 target price on shares of Unilever and gave the stock an “overweight” rating in a research report on Monday, December 15th. Finally, BNP Paribas Exane set a $71.00 price target on Unilever and gave the company a “neutral” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.55.

About Unilever

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.