
Unilever PLC (NYSE:UL – Free Report) – Stock analysts at Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for Unilever in a research note issued on Thursday, April 2nd. Erste Group Bank analyst S. Lingnau now expects that the company will earn $3.91 per share for the year, down from their prior forecast of $3.95. The consensus estimate for Unilever’s current full-year earnings is $3.27 per share.
A number of other brokerages have also recently weighed in on UL. Weiss Ratings cut Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 31st. BNP Paribas Exane set a $71.00 target price on Unilever and gave the stock a “neutral” rating in a report on Thursday, January 8th. Morgan Stanley set a $60.10 target price on Unilever and gave the stock an “overweight” rating in a report on Monday, December 15th. Kepler Capital Markets cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $65.55.
Unilever Trading Up 4.6%
Shares of NYSE:UL opened at $58.27 on Wednesday. The business’s fifty day moving average price is $66.60 and its two-hundred day moving average price is $66.67. Unilever has a fifty-two week low of $54.95 and a fifty-two week high of $74.97.
Unilever (NYSE:UL – Get Free Report) last announced its quarterly 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 business had revenue of $11.87 billion during the quarter, compared to analysts’ expectations of $31.39 billion.
Unilever Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.5547 per share. This represents a $2.22 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 27th.
Hedge Funds Weigh In On Unilever
Several large investors have recently made changes to their positions in the company. Cornerstone Wealth Management LLC lifted its stake in shares of Unilever by 3.9% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,036 shares of the company’s stock valued at $264,000 after acquiring an additional 151 shares during the period. Pullen Investment Management LLC lifted its stake in Unilever by 0.6% in the third quarter. Pullen Investment Management LLC now owns 28,386 shares of the company’s stock valued at $1,683,000 after buying an additional 160 shares during the period. CoreCap Advisors LLC lifted its stake in Unilever by 19.4% in the fourth quarter. CoreCap Advisors LLC now owns 997 shares of the company’s stock valued at $65,000 after buying an additional 162 shares during the period. Global Retirement Partners LLC lifted its stake in Unilever by 1.9% in the third quarter. Global Retirement Partners LLC now owns 9,873 shares of the company’s stock valued at $585,000 after buying an additional 181 shares during the period. Finally, Synovus Financial Corp lifted its stake in Unilever by 0.5% in the third quarter. Synovus Financial Corp now owns 40,080 shares of the company’s stock valued at $2,376,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.
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.
Further Reading
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