Munich Reinsurance Co Stock Corp in Munich Has $80.99 Million Holdings in Unilever PLC $UL

Key Points

• Munich Reinsurance Co Stock Corp in Munich trimmed its Unilever stake by 11.3% in Q4 to 1,234,220 shares (about $80.99M), making Unilever 2.0% of its portfolio and its ninth-largest holding.
• Unilever reported a sharp quarterly miss—EPS $0.75 vs. $1.75 expected and revenue $11.87B vs. $31.39B expected—has an annualized dividend of $2.22 (yield ~3.8%), and faces mixed analyst ratings with an average "Hold" and a $65.55 price target.

Munich Reinsurance Co Stock Corp in Munich lowered its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,234,220 shares of the company's stock after selling 156,830 shares during the period. Unilever makes up 2.0% of Munich Reinsurance Co Stock Corp in Munich's investment portfolio, making the stock its 9th biggest holding. Munich Reinsurance Co Stock Corp in Munich owned about 0.06% of Unilever worth $80,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Natixis Advisors LLC boosted its holdings in Unilever by 3.1% in the third quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company's stock worth $73,950,000 after acquiring an additional 37,630 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Unilever by 160.8% in the fourth quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company's stock worth $5,375,000 after acquiring an additional 50,682 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in Unilever by 37.3% in the fourth quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company's stock worth $5,127,000 after acquiring an additional 21,313 shares in the last quarter. Cullen Investment Group LTD. bought a new position in Unilever in the fourth quarter worth approximately $5,003,000. Finally, HF Advisory Group LLC boosted its holdings in Unilever by 1,135.3% in the fourth quarter. HF Advisory Group LLC now owns 388,355 shares of the company's stock worth $25,398,000 after acquiring an additional 356,918 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Up 1.0%

Shares of UL opened at $58.12 on Friday. The stock has a 50 day moving average of $63.44 and a 200 day moving average of $65.93. Unilever PLC has a 12 month low of $54.95 and a 12 month high of $74.97.

Unilever (NYSE:UL - Get Free Report) last issued 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 company had revenue of $11.87 billion during the quarter, compared to the consensus estimate of $31.39 billion. Research analysts predict that Unilever PLC will post 3.68 earnings per share for the current year.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, February 27th were given a dividend of $0.5547 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, February 27th.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. DZ Bank upgraded Unilever from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 8th. Royal Bank Of Canada upgraded Unilever from an "underperform" rating to a "sector perform" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lowered Unilever from a "buy" rating to a "hold" rating in a report on Monday, February 9th. Jefferies Financial Group restated an "underperform" rating on shares of Unilever in a report on Monday, February 23rd. Finally, BNP Paribas Exane set a $71.00 target price on Unilever and gave the company a "neutral" rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $65.55.

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.

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