Royal Palms Capital LLC Sells 15,386 Shares of Unilever PLC $UL

Key Points

• Royal Palms Capital reduced its Unilever stake by 46.6% in the third quarter, selling 15,386 shares and retaining 17,606 shares valued at approximately $1.07 million.
• Institutional ownership of Unilever stands at 9.67%, with several funds—including Corient Private Wealth, Saturna Capital and Diversify Wealth Management—recently increasing their positions.
• Analyst sentiment is mixed but leans positive: the stock has an average “Hold” rating and a $68.37 price target. Unilever shares opened at $66.24, while its latest quarterly earnings missed consensus estimates.

Royal Palms Capital LLC lowered its position in Unilever PLC (NYSE:UL - Free Report) by 46.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,606 shares of the company's stock after selling 15,386 shares during the period. Royal Palms Capital LLC's holdings in Unilever were worth $1,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of UL. Corient Private Wealth LP raised its holdings in shares of Unilever by 21.2% during the second quarter. Corient Private Wealth LP now owns 533,030 shares of the company's stock worth $32,046,000 after purchasing an additional 93,161 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Unilever by 4.5% during the second quarter. First Eagle Investment Management LLC now owns 842,507 shares of the company's stock valued at $50,652,000 after purchasing an additional 36,567 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Unilever during the second quarter valued at $10,344,000. Saturna Capital Corp lifted its position in Unilever by 38.0% during the first quarter. Saturna Capital Corp now owns 794,310 shares of the company's stock valued at $45,252,000 after purchasing an additional 218,767 shares during the period. Finally, Diversify Wealth Management LLC boosted its holdings in Unilever by 77.6% in the first quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company's stock valued at $2,226,000 after purchasing an additional 17,093 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Unilever in a research report on Thursday, September 24th. Sanford C. Bernstein reiterated a "buy" rating on shares of Unilever in a research note on Wednesday, September 30th. UBS Group reissued a "sell" rating on shares of Unilever in a report on Monday, August 3rd. TD Cowen decreased their price objective on Unilever from $76.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, October 13th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Unilever in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and two have assigned 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 price target of $68.37.

Unilever Stock Up 0.0%

Shares of NYSE UL opened at $66.24 on Monday. The firm's 50 day simple moving average is $63.15 and its 200-day simple moving average is $60.81. Unilever PLC has a 12 month low of $54.75 and a 12 month high of $74.97.

Unilever (NYSE:UL - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($1.25). The company had revenue of $14.62 billion for the quarter, compared to analysts' expectations of $14.80 billion. Equities analysts predict that Unilever PLC will post 3.57 EPS for the current fiscal year.

Unilever Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, markets and sells branded products used in households and personal care, with operations serving consumers across developed and emerging markets worldwide.

The company's portfolio includes beauty and wellbeing products, personal care items, home care products, and foods and refreshments. Its brands include Dove, Vaseline, Axe, TRESemmé, Cif, OMO, Persil, Knorr, Hellmann's and Ben & Jerry's, although product offerings vary by market.

Unilever was formed in 1929 through the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie.

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