Unilever PLC $UL Stock Position Decreased by Wellington Management Group LLP

Key Points

• Wellington Management reduced its Unilever stake by 12.2% in the second quarter, selling 4.87 million shares and retaining 35.06 million shares valued at approximately $2.11 billion.
• Analysts have a consensus “Hold” rating on Unilever, with an average price target of $65.55; ratings range from Strong Buy to Sell.
• Unilever reported quarterly earnings of $0.59 per share, well below the $1.84 consensus estimate, while revenue of $14.62 billion also missed analyst expectations.

Wellington Management Group LLP cut its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 12.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,063,391 shares of the company's stock after selling 4,867,052 shares during the period. Wellington Management Group LLP owned approximately 1.63% of Unilever worth $2,108,011,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Cornerstone Wealth Management LLC raised its holdings in Unilever by 3.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,036 shares of the company's stock worth $264,000 after buying an additional 151 shares during the period. Blake Schutter Theil Wealth Advisors LLC increased its position in shares of Unilever by 3.2% in the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 5,754 shares of the company's stock worth $328,000 after acquiring an additional 180 shares in the last quarter. Capital Analysts LLC raised its holdings in shares of Unilever by 5.3% during the second quarter. Capital Analysts LLC now owns 3,748 shares of the company's stock valued at $225,000 after acquiring an additional 187 shares during the period. HBK Sorce Advisory LLC lifted its position in shares of Unilever by 3.1% in the 2nd quarter. HBK Sorce Advisory LLC now owns 6,191 shares of the company's stock valued at $399,000 after acquiring an additional 187 shares in the last quarter. Finally, Cohen Investment Advisors LLC lifted its position in shares of Unilever by 2.9% in the 1st quarter. Cohen Investment Advisors LLC now owns 6,753 shares of the company's stock valued at $385,000 after acquiring an additional 192 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Unilever Stock Performance

UL opened at $65.12 on Friday. The stock's fifty day simple moving average is $62.44 and its 200 day simple moving average is $61.85. Unilever PLC has a 1-year low of $54.75 and a 1-year high of $74.97.

Unilever (NYSE:UL - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($1.25). The company had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. As a group, research analysts expect that Unilever PLC will post 3.51 earnings per share for the current fiscal year.

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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