Global Retirement Partners LLC Takes Position in Unilever PLC $UL

Key Points

• Global Retirement Partners LLC acquired 31,004 Unilever shares in the second quarter, valued at approximately $1.86 million. Several other institutional investors also increased their positions, with institutions collectively owning 9.67% of the stock.
• Unilever reported quarterly earnings of $0.92 per share, below the $1.84 consensus estimate, while revenue of $14.62 billion also fell short of expectations.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $65.55, compared with a recent share price of $61.29.

Global Retirement Partners LLC acquired a new stake in Unilever PLC (NYSE:UL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 31,004 shares of the company's stock, valued at approximately $1,864,000.

Several other institutional investors have also bought and sold shares of the stock. SCS Capital Management LLC raised its stake in shares of Unilever by 16.9% in the second quarter. SCS Capital Management LLC now owns 224,254 shares of the company's stock valued at $13,482,000 after acquiring an additional 32,426 shares during the last quarter. Bank of New York Mellon Corp raised its position in Unilever by 11.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 943,718 shares of the company's stock valued at $56,736,000 after purchasing an additional 100,490 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its stake in Unilever by 11.7% in the second quarter. Focus Partners Advisor Solutions LLC now owns 10,610 shares of the company's stock worth $638,000 after purchasing an additional 1,109 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Unilever by 1.7% during the second quarter. Russell Investments Group Ltd. now owns 224,451 shares of the company's stock worth $13,494,000 after purchasing an additional 3,848 shares during the last quarter. Finally, Tevis Investment Management increased its stake in shares of Unilever by 15.0% in the second quarter. Tevis Investment Management now owns 98,231 shares of the company's stock valued at $5,906,000 after buying an additional 12,826 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Stock Performance

Shares of NYSE:UL opened at $61.29 on Tuesday. Unilever PLC has a 12-month low of $54.75 and a 12-month high of $74.97. The business has a 50 day moving average of $61.39 and a 200-day moving average of $62.12.

Unilever (NYSE:UL - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.92). The company had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. As a group, analysts expect that Unilever PLC will post 3.51 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Zacks Research raised shares of Unilever from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. Royal Bank Of Canada raised Unilever from an "underperform" rating to a "sector perform" rating in a research note on Tuesday, April 21st. TD Cowen reissued a "buy" rating on shares of Unilever in a report on Wednesday, July 29th. Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a research note on Monday, July 6th. Finally, Weiss Ratings raised Unilever from a "sell (d)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average 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.

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