Norden Group LLC Has $2.36 Million Stock Position in Unilever PLC $UL

Norden Group LLC reduced its holdings in shares of Unilever PLC (NYSE:UL) by 20.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,147 shares of the company’s stock after selling 9,090 shares during the period. Norden Group LLC’s holdings in Unilever were worth $2,364,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Natixis Advisors LLC boosted its position in Unilever by 3.1% in 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 in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Unilever by 66.1% in the 2nd quarter. Hsbc Holdings PLC now owns 158,788 shares of the company’s stock valued at $9,709,000 after acquiring an additional 63,197 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Unilever by 10.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 257,052 shares of the company’s stock valued at $15,724,000 after acquiring an additional 24,956 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Unilever during the 3rd quarter valued at $82,461,000. Finally, Cullen Investment Group LTD. acquired a new stake in shares of Unilever during the 4th quarter valued at $5,003,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of UL opened at $59.80 on Friday. Unilever PLC has a 1 year low of $59.75 and a 1 year high of $74.97. The business has a 50-day moving average of $68.19 and a 200-day moving average of $67.53.

Unilever (NYSE:UL) last announced its earnings results on Thursday, February 12th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.00). The company had revenue of $11.87 billion during the quarter, compared to analyst estimates of $31.39 billion. Sell-side analysts predict that Unilever PLC will post 3.27 EPS for the current fiscal year.

Unilever Cuts Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut Unilever from a “buy” rating to a “hold” rating in a report on Monday, February 9th. Argus upgraded Unilever to a “strong-buy” rating in a report on Monday, March 2nd. Kepler Capital Markets downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings downgraded shares of Unilever from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $65.55.

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.