Anchyra Partners LLC Invests $647,000 in Unilever PLC $UL

Anchyra Partners LLC purchased a new stake in Unilever PLC (NYSE:UL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,893 shares of the company’s stock, valued at approximately $647,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Palisade Asset Management LLC acquired a new stake in shares of Unilever during the 3rd quarter worth approximately $25,000. Global Wealth Strategies & Associates acquired a new position in Unilever during the fourth quarter valued at approximately $29,000. Asset Dedication LLC raised its position in Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after purchasing an additional 248 shares in the last quarter. Financial Life Planners bought a new stake in Unilever during the third quarter worth $30,000. Finally, FNY Investment Advisers LLC bought a new stake in Unilever during the third quarter worth $29,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL stock opened at $58.12 on Monday. The business’s 50-day moving average price is $63.44 and its 200-day moving average price is $65.93. Unilever PLC has a 12 month low of $54.95 and a 12 month high of $74.97.

Unilever (NYSE:UL) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $31.39 billion. Analysts predict that Unilever PLC will post 3.68 earnings per share for the current year.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, February 27th were paid a dividend of $0.5547 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.22 annualized dividend and a dividend yield of 3.8%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UL. Kepler Capital Markets lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. BNP Paribas Exane set a $71.00 price objective on Unilever and gave the stock a “neutral” rating in a research report on Thursday, January 8th. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.55.

About Unilever

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.