Unilever PLC $UL Position Decreased by Munich Reinsurance Co Stock Corp in Munich

Key Points

• Munich Reinsurance reduced its Unilever stake by 1.5% in the second quarter, selling 23,440 shares and retaining 1.53 million shares valued at approximately $92.05 million.
• Institutional ownership of Unilever remains significant at 9.67%, with several major investors—including Lazard, Norges Bank and Federated Hermes—substantially increasing or initiating positions.
• Analysts’ consensus rating is Hold with a $65.55 price target. Unilever’s latest quarterly results missed expectations, reporting $0.59 in EPS versus the $1.84 consensus and revenue of $14.62 billion versus $14.80 billion expected.

Munich Reinsurance Co Stock Corp in Munich lowered its holdings in Unilever PLC (NYSE:UL - Free Report) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,531,084 shares of the company's stock after selling 23,440 shares during the period. Unilever comprises 2.1% of Munich Reinsurance Co Stock Corp in Munich's holdings, making the stock its 11th biggest holding. Munich Reinsurance Co Stock Corp in Munich owned about 0.07% of Unilever worth $92,049,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Unilever during the fourth quarter worth approximately $268,704,000. Lazard Asset Management LLC lifted its position in shares of Unilever by 674.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company's stock valued at $159,208,000 after acquiring an additional 2,433,625 shares during the last quarter. Norges Bank bought a new stake in shares of Unilever during the 4th quarter worth $132,027,000. Federated Hermes Inc. grew its holdings in shares of Unilever by 944.7% in the 4th quarter. Federated Hermes Inc. now owns 1,417,108 shares of the company's stock worth $92,679,000 after acquiring an additional 1,281,465 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Unilever in the 1st quarter worth $67,107,000. 9.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UL has been the subject of several analyst reports. TD Cowen reaffirmed a "buy" rating on shares of Unilever in a report on Wednesday, July 29th. Weiss Ratings upgraded Unilever from a "sell (d)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Zacks Research raised shares of Unilever from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Unilever currently has an average rating of "Hold" and a consensus price target of $65.55.

Unilever Stock Performance

UL opened at $64.19 on Friday. The stock has a fifty day moving average of $62.92 and a 200-day moving average of $61.55. 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 issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($1.25). The firm had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. On average, sell-side analysts anticipate that Unilever PLC will post 3.53 EPS for the current fiscal year.

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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