Matthew Goff Investment Advisor LLC Sells 25,377 Shares of Unilever PLC $UL

Key Points

• Matthew Goff Investment Advisor LLC reduced its stake in Unilever (UL) by 13.2%, selling 25,377 shares and leaving it with 166,234 shares valued at $10,872,000, making UL 1.8% of the firm's holdings and its 20th largest position.
• Unilever missed quarterly expectations, reporting EPS of $0.75 versus $1.75 expected and revenue of $11.87 billion versus $31.39 billion expected, and the stock carries a consensus analyst rating of Hold with a $65.55 price target.
• The company declared a quarterly dividend of $0.5547 (annualized $2.22) with a yield around 3.7%, and the stock recently traded near $59.42 with a 52‑week range of $59.37–$74.97.

Matthew Goff Investment Advisor LLC decreased its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,234 shares of the company's stock after selling 25,377 shares during the quarter. Unilever makes up 1.8% of Matthew Goff Investment Advisor LLC's holdings, making the stock its 20th biggest position. Matthew Goff Investment Advisor LLC's holdings in Unilever were worth $10,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Unilever by 9.3% in the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company's stock valued at $2,054,973,000 after purchasing an additional 2,935,227 shares during the last quarter. Norges Bank acquired a new stake in shares of Unilever during the 2nd quarter worth about $144,979,000. Thrivent Financial for Lutherans lifted its stake in shares of Unilever by 13,906.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,268,300 shares of the company's stock worth $134,465,000 after buying an additional 2,252,105 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Unilever by 10.2% during the 2nd quarter. Fisher Asset Management LLC now owns 21,578,648 shares of the company's stock worth $1,319,966,000 after buying an additional 1,989,631 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Unilever during the 3rd quarter worth about $82,461,000. 9.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UL shares. Kepler Capital Markets cut shares of Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, February 17th. Weiss Ratings cut Unilever from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 26th. Argus raised Unilever to a "strong-buy" rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft lowered Unilever from a "buy" rating to a "hold" rating in a research note on Monday, February 9th. Finally, DZ Bank cut Unilever from a "buy" rating to a "hold" rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $65.55.

Unilever Stock Up 0.1%

NYSE:UL opened at $59.42 on Monday. Unilever PLC has a 52 week low of $59.37 and a 52 week high of $74.97. The firm's 50-day simple moving average is $68.09 and its 200 day simple moving average is $67.40.

Unilever (NYSE:UL - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.00). The business had revenue of $11.87 billion for the quarter, compared to analyst estimates of $31.39 billion. Research analysts expect that Unilever PLC will post 3.27 earnings per share for the current fiscal year.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, February 27th will be given a $0.5547 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, February 27th.

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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