Concurrent Investment Advisors LLC Acquires 34,982 Shares of Unilever PLC $UL

Key Points

• Concurrent Investment Advisors LLC increased its stake in Unilever by 66.2%, purchasing 34,982 shares to hold 87,844 shares worth about $5.745 million at quarter-end.
• Analyst sentiment is mixed with a consensus rating of Hold and an average price target of $65.55, following several recent upgrades and downgrades from firms including Deutsche Bank, RBC, Weiss Ratings and Argus.
• Unilever shares opened at $58.12 (1‑year range $54.95–$74.97) and pay a quarterly dividend of $0.5547 ($2.22 annualized), implying a yield of about 3.8%.

Concurrent Investment Advisors LLC lifted its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 66.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,844 shares of the company's stock after buying an additional 34,982 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Unilever were worth $5,745,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Wellington Management Group LLP raised its position in shares of Unilever by 9.3% during the 3rd quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company's stock valued at $2,054,973,000 after acquiring an additional 2,935,227 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Unilever by 13,906.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,268,300 shares of the company's stock worth $134,465,000 after purchasing an additional 2,252,105 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Unilever during the third quarter worth $82,461,000. Fisher Asset Management LLC grew its stake in shares of Unilever by 4.4% during the third quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company's stock worth $1,336,048,000 after purchasing an additional 959,269 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in Unilever by 78.8% in the second quarter. Corient Private Wealth LLC now owns 1,933,422 shares of the company's stock valued at $118,261,000 after purchasing an additional 852,099 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut Unilever from a "buy" rating to a "hold" rating in a report on Monday, February 9th. Kepler Capital Markets cut Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Royal Bank Of Canada upgraded shares of Unilever from an "underperform" rating to a "sector perform" rating in a research report on Tuesday, April 21st. Weiss Ratings lowered shares of Unilever from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, March 31st. Finally, Argus upgraded shares of Unilever to a "strong-buy" rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $65.55.

Unilever Price Performance

NYSE:UL opened at $58.12 on Monday. Unilever PLC has a 1 year low of $54.95 and a 1 year high of $74.97. The stock has a 50-day moving average price of $63.44 and a two-hundred day moving average price of $65.93.

Unilever (NYSE:UL - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($1.00). The firm had revenue of $11.87 billion during the quarter, compared to the consensus estimate of $31.39 billion. Research analysts expect that Unilever PLC will post 3.68 earnings per share for the current fiscal year.

Unilever Cuts Dividend

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

Unilever 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.

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