Munich Reinsurance Co Stock Corp in Munich Makes New Investment in Unilever PLC $UL

Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of Unilever PLC (NYSE:UL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,391,050 shares of the company’s stock, valued at approximately $82,461,000. Unilever makes up 2.1% of Munich Reinsurance Co Stock Corp in Munich’s portfolio, making the stock its 5th largest position. Munich Reinsurance Co Stock Corp in Munich owned about 0.06% of Unilever as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in 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 lifted its holdings in Unilever by 4.7% during 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 during the period. Atlantic Union Bankshares Corp lifted its holdings in Unilever by 1,394.7% during the second quarter. Atlantic Union Bankshares Corp now owns 74,363 shares of the company’s stock worth $4,549,000 after buying an additional 69,388 shares during the period. Golden State Wealth Management LLC boosted its position in Unilever by 79.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 736 shares of the company’s stock valued at $45,000 after acquiring an additional 325 shares in the last quarter. Finally, Savant Capital LLC boosted its position in Unilever by 38.7% during the 2nd quarter. Savant Capital LLC now owns 27,855 shares of the company’s stock valued at $1,704,000 after acquiring an additional 7,772 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 0.9%

Shares of NYSE:UL opened at $66.81 on Monday. The business’s 50-day moving average is $68.57 and its 200 day moving average is $68.27. Unilever PLC has a 1 year low of $61.78 and a 1 year high of $74.97.

Unilever (NYSE:UL) last issued its quarterly 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 business had revenue of $11.87 billion during the quarter, compared to analyst estimates of $31.39 billion. On average, equities research analysts predict that Unilever PLC will post 3.27 EPS for the current year.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders 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 dividend on an annualized basis and a yield of 3.3%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Kepler Capital Markets lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. DZ Bank downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Morgan Stanley set a $60.10 target price on Unilever and gave the company an “overweight” rating in a research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, BNP Paribas Exane set a $71.00 price target on shares of Unilever and gave the company a “neutral” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently 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.