Third View Private Wealth LLC Acquires Shares of 65,026 Unilever PLC $UL

Key Points

• Third View Private Wealth LLC bought a new stake of 65,026 shares in Unilever during Q4, valued at about $4.25 million.
• Analyst coverage is mixed: the consensus rating is an average "Hold" with an average target price of $65.55, and individual ratings range from Strong Buy to Sell.
• Unilever recently missed quarterly EPS estimates and paid a quarterly dividend of $0.5547 (annualized $2.22), yielding roughly 3.8%.

Third View Private Wealth LLC bought a new stake in Unilever PLC (NYSE:UL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 65,026 shares of the company's stock, valued at approximately $4,253,000.

A number of other hedge funds have also recently modified their holdings of the stock. Pullen Investment Management LLC grew its position in shares of Unilever by 0.6% in the 3rd quarter. Pullen Investment Management LLC now owns 28,386 shares of the company's stock valued at $1,683,000 after buying an additional 160 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of Unilever by 19.4% in the 4th quarter. CoreCap Advisors LLC now owns 997 shares of the company's stock valued at $65,000 after buying an additional 162 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Unilever by 1.9% in the 3rd quarter. Global Retirement Partners LLC now owns 9,873 shares of the company's stock valued at $585,000 after buying an additional 181 shares during the last quarter. Synovus Financial Corp grew its position in shares of Unilever by 0.5% in the 3rd quarter. Synovus Financial Corp now owns 40,080 shares of the company's stock valued at $2,376,000 after buying an additional 182 shares during the last quarter. Finally, Townsend & Associates Inc grew its position in shares of Unilever by 0.6% in the 3rd quarter. Townsend & Associates Inc now owns 30,155 shares of the company's stock valued at $1,903,000 after buying an additional 191 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UL shares. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research report on Monday, February 23rd. BNP Paribas Exane set a $71.00 target price on shares of Unilever and gave the company a "neutral" rating in a research report on Thursday, January 8th. Kepler Capital Markets downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, February 17th. Morgan Stanley set a $60.10 target price on shares of Unilever and gave the company an "overweight" rating in a research report on Monday, December 15th. Finally, DZ Bank raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $65.55.

Unilever Price Performance

Shares of Unilever stock opened at $58.22 on Tuesday. Unilever PLC has a 1 year low of $54.95 and a 1 year high of $74.97. The company's fifty day moving average is $66.01 and its two-hundred day moving average is $66.47.

Unilever (NYSE:UL - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.75 earnings per share (EPS) 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 the consensus estimate of $31.39 billion. On average, sell-side analysts anticipate that Unilever PLC will post 3.27 earnings per share for the current year.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, February 27th were paid a $0.5547 dividend. This represents a $2.22 annualized dividend and a dividend 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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