Timber Creek Capital Management LLC Buys 24,163 Shares of Unilever PLC $UL

Key Points

• Timber Creek Capital Management LLC increased its stake in Unilever by 59.7% in Q4, buying 24,163 shares to hold 64,661 shares worth about $4.23 million.
• Unilever missed quarterly expectations, reporting $0.75 EPS versus $1.75 expected and revenue of $11.87 billion versus $31.39 billion expected.
• The company cut its dividend, paying $0.5547 for the quarter (annualized $2.22, ~3.8% yield), while analysts remain mixed with a MarketBeat consensus rating of Hold and an average target of $65.55.

Timber Creek Capital Management LLC boosted its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 59.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,661 shares of the company's stock after purchasing an additional 24,163 shares during the period. Timber Creek Capital Management LLC's holdings in Unilever were worth $4,229,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of UL. Natixis Advisors LLC raised its position in Unilever by 3.1% during 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. Cullen Investment Group LTD. acquired a new stake in Unilever in the fourth quarter valued at $5,003,000. DAVENPORT & Co LLC grew its position in shares of Unilever by 37.3% in the 4th quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company's stock valued at $5,127,000 after acquiring an additional 21,313 shares during the period. HF Advisory Group LLC increased its stake in shares of Unilever by 1,135.3% during the 4th quarter. HF Advisory Group LLC now owns 388,355 shares of the company's stock worth $25,398,000 after purchasing an additional 356,918 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Unilever during the 3rd quarter worth about $82,461,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Performance

NYSE:UL opened at $58.22 on Tuesday. The stock's 50 day moving average price is $66.01 and its two-hundred day moving average price is $66.47. 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 released 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 during the quarter, compared to analysts' expectations of $31.39 billion. Equities analysts predict that Unilever PLC will post 3.27 EPS for the current fiscal 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 given a $0.5547 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.22 annualized dividend and a dividend yield of 3.8%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Kepler Capital Markets downgraded shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Jefferies Financial Group reissued an "underperform" rating on shares of Unilever in a research report on Monday, February 23rd. Weiss Ratings lowered Unilever from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, March 31st. Argus upgraded Unilever to a "strong-buy" rating in a research note on Monday, March 2nd. Finally, DZ Bank upgraded Unilever from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Unilever has a consensus rating of "Hold" and an average 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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