Chevy Chase Trust Holdings LLC Has $37.66 Million Stock Position in Unilever PLC $UL

Chevy Chase Trust Holdings LLC lifted its position in Unilever PLC (NYSE:UL) by 5.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 635,295 shares of the company’s stock after buying an additional 33,568 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Unilever were worth $37,660,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Financial Life Planners acquired a new position in Unilever in the 3rd quarter worth approximately $30,000. GPS Wealth Strategies Group LLC raised its stake in Unilever by 141.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 514 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Unilever in the third quarter valued at $32,000. True Wealth Design LLC lifted its holdings in shares of Unilever by 548.5% in the third quarter. True Wealth Design LLC now owns 668 shares of the company’s stock valued at $40,000 after purchasing an additional 565 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its position in shares of Unilever by 46.3% in the third quarter. Oakworth Capital Inc. now owns 692 shares of the company’s stock worth $41,000 after buying an additional 219 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. 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. Morgan Stanley set a $60.10 price objective on Unilever and gave the stock an “overweight” rating in a research note on Monday, December 15th. Kepler Capital Markets cut Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Monday, February 23rd. Finally, Weiss Ratings lowered shares of Unilever from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $65.55.

Unilever Trading Down 0.6%

NYSE:UL opened at $64.01 on Monday. Unilever PLC has a 1 year low of $61.78 and a 1 year high of $74.97. The firm’s fifty day simple moving average is $68.56 and its 200 day simple moving average is $68.08.

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 business had revenue of $11.87 billion for the quarter, compared to analysts’ expectations of $31.39 billion. As a group, equities research analysts predict that Unilever PLC will post 3.27 earnings per share for the current year.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, February 27th will be paid a dividend of $0.5547 per share. The ex-dividend date is Friday, February 27th. This represents a $2.22 annualized dividend and a yield of 3.5%.

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.