Euro Pacific Asset Management LLC Sells 97,391 Shares of Unilever PLC $UL

Euro Pacific Asset Management LLC lowered its holdings in Unilever PLC (NYSE:UL) by 59.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,766 shares of the company’s stock after selling 97,391 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Unilever were worth $4,368,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Unilever by 5.4% during the fourth quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock valued at $599,000 after purchasing an additional 539 shares in the last quarter. AQR Capital Management LLC raised its stake in Unilever by 4.7% in the first quarter. AQR Capital Management LLC now owns 35,007 shares of the company’s stock worth $2,085,000 after buying an additional 1,587 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Unilever by 10.8% during the second quarter. Russell Investments Group Ltd. now owns 257,052 shares of the company’s stock worth $15,724,000 after buying an additional 24,956 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Unilever by 5.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 85,061 shares of the company’s stock worth $5,203,000 after buying an additional 4,117 shares during the period. Finally, Level Four Advisory Services LLC boosted its position in Unilever by 2.3% during the 2nd quarter. Level Four Advisory Services LLC now owns 12,944 shares of the company’s stock valued at $792,000 after acquiring an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Up 1.0%

Shares of UL stock opened at $59.95 on Tuesday. Unilever PLC has a 12-month low of $59.37 and a 12-month high of $74.97. The business’s fifty day simple moving average is $68.00 and its 200-day simple moving average is $67.32.

Unilever (NYSE:UL) last announced its earnings results on Thursday, February 12th. The company reported $0.75 earnings per share 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 analysts’ expectations of $31.39 billion. As a group, research analysts forecast that Unilever PLC will post 3.27 earnings per share for the current 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 issued a $0.5547 dividend. This represents a $2.22 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, February 27th.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UL shares. BNP Paribas Exane set a $71.00 price target on Unilever and gave the company a “neutral” rating in a report on Thursday, January 8th. Argus upgraded Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. UBS Group reaffirmed a “sell” rating on shares of Unilever in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft lowered Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, DZ Bank lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Unilever 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.