Unilever PLC $UL is Munich Reinsurance Co Stock Corp in Munich’s 9th Largest Position

Munich Reinsurance Co Stock Corp in Munich reduced its position in Unilever PLC (NYSE:UL) by 11.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,234,220 shares of the company’s stock after selling 156,830 shares during the quarter. Unilever makes up about 2.0% of Munich Reinsurance Co Stock Corp in Munich’s holdings, making the stock its 9th largest position. Munich Reinsurance Co Stock Corp in Munich’s holdings in Unilever were worth $80,990,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Pullen Investment Management LLC increased its position in Unilever by 0.6% in the third quarter. Pullen Investment Management LLC now owns 28,386 shares of the company’s stock worth $1,683,000 after buying an additional 160 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Unilever by 19.4% in the fourth quarter. CoreCap Advisors LLC now owns 997 shares of the company’s stock worth $65,000 after acquiring an additional 162 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Unilever by 1.9% in the third quarter. Global Retirement Partners LLC now owns 9,873 shares of the company’s stock worth $585,000 after acquiring an additional 181 shares during the period. Synovus Financial Corp boosted its holdings in shares of Unilever by 0.5% in the third quarter. Synovus Financial Corp now owns 40,080 shares of the company’s stock worth $2,376,000 after acquiring an additional 182 shares during the period. Finally, Invested Advisors boosted its holdings in shares of Unilever by 4.8% in the fourth quarter. Invested Advisors now owns 3,987 shares of the company’s stock worth $261,000 after acquiring an additional 183 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Weiss Ratings lowered Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. Kepler Capital Markets lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft lowered Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, BNP Paribas Exane set a $71.00 price objective on Unilever and gave the company a “neutral” rating in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Unilever presently has an average rating of “Hold” and a consensus price target of $65.55.

Unilever Stock Up 1.0%

Shares of UL stock opened at $58.12 on Friday. The business has a 50-day moving average price of $63.44 and a two-hundred day moving average price of $65.93. Unilever PLC has a 12-month low of $54.95 and a 12-month high of $74.97.

Unilever (NYSE:UL) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.00). The business had revenue of $11.87 billion during the quarter, compared to analysts’ expectations of $31.39 billion. On average, sell-side analysts forecast that Unilever PLC will post 3.68 EPS for the current year.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, February 27th were issued a $0.5547 dividend. The ex-dividend date was Friday, February 27th. This represents a $2.22 annualized dividend and a dividend yield of 3.8%.

Unilever Company Profile

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.