Gilman Hill Asset Management LLC Sells 8,676 Shares of Unilever PLC $UL

Gilman Hill Asset Management LLC cut its position in Unilever PLC (NYSE:UL) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,941 shares of the company’s stock after selling 8,676 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Unilever were worth $4,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its stake in Unilever by 3.1% during the third quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock valued at $73,950,000 after buying an additional 37,630 shares during the period. Hsbc Holdings PLC increased its stake in Unilever by 66.1% in the 2nd quarter. Hsbc Holdings PLC now owns 158,788 shares of the company’s stock worth $9,709,000 after acquiring an additional 63,197 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Unilever by 10.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 257,052 shares of the company’s stock worth $15,724,000 after acquiring an additional 24,956 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Unilever by 59.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 19,201 shares of the company’s stock valued at $1,174,000 after acquiring an additional 7,159 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Unilever during the 3rd quarter valued at about $82,461,000. 9.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on UL. BNP Paribas Exane set a $71.00 price objective on Unilever and gave the stock a “neutral” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Monday, February 9th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Monday, February 23rd. Morgan Stanley set a $60.10 price target on shares of Unilever and gave the stock an “overweight” rating in a report on Monday, December 15th. Finally, DZ Bank cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Trading Down 0.7%

Shares of Unilever stock opened at $60.65 on Wednesday. Unilever PLC has a 12 month low of $60.47 and a 12 month high of $74.97. The business’s 50-day moving average price is $68.37 and its 200-day moving average price is $67.64.

Unilever (NYSE:UL) last released its earnings results on Thursday, February 12th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.00). The company had revenue of $11.87 billion during the quarter, compared to the consensus estimate of $31.39 billion. As a group, sell-side analysts anticipate that Unilever PLC will post 3.27 earnings per share for the current fiscal year.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.5547 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.22 annualized dividend and a dividend yield of 3.7%.

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.