Wilmington Savings Fund Society FSB Has $4.06 Million Holdings in Unilever PLC $UL

Wilmington Savings Fund Society FSB lowered its holdings in shares of Unilever PLC (NYSE:UL) by 44.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,507 shares of the company’s stock after selling 54,906 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Unilever were worth $4,061,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UL. Brighton Jones LLC increased its stake in Unilever by 5.4% in the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock valued at $599,000 after acquiring an additional 539 shares during the period. AQR Capital Management LLC boosted its holdings in Unilever by 4.7% during the first quarter. AQR Capital Management LLC now owns 35,007 shares of the company’s stock valued at $2,085,000 after purchasing an additional 1,587 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Unilever by 85.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,770 shares of the company’s stock valued at $475,000 after purchasing an additional 3,569 shares during the period. Foundations Investment Advisors LLC raised its holdings in shares of Unilever by 3.9% in the 2nd quarter. Foundations Investment Advisors LLC now owns 6,396 shares of the company’s stock worth $391,000 after buying an additional 240 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Unilever in the 2nd quarter valued at $297,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UL shares. BNP Paribas Exane set a $71.00 target price on shares of Unilever and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Kepler Capital Markets cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Argus upgraded Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Weiss Ratings cut Unilever from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $65.55.

Unilever Trading Down 4.7%

Shares of UL opened at $62.37 on Thursday. Unilever PLC has a 52 week low of $61.78 and a 52 week high of $74.97. The business’s fifty day moving average price is $68.60 and its two-hundred day moving average price is $67.97.

Unilever (NYSE:UL) last issued its earnings results 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 firm had revenue of $11.87 billion for the quarter, compared to the consensus estimate of $31.39 billion. Research analysts anticipate that Unilever PLC will post 3.27 earnings per share for the current fiscal year.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, February 27th will be paid a $0.5547 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.22 annualized dividend and a yield of 3.6%.

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.