Norden Group LLC Has $2.36 Million Stock Holdings in Unilever PLC $UL

Norden Group LLC decreased its position in shares of Unilever PLC (NYSE:UL) by 20.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,147 shares of the company’s stock after selling 9,090 shares during the period. Norden Group LLC’s holdings in Unilever were worth $2,364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UL. Palisade Asset Management LLC bought a new stake in shares of Unilever in the third quarter valued at about $25,000. Asset Dedication LLC increased its position in Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after acquiring an additional 248 shares during the period. Global Wealth Strategies & Associates bought a new position in Unilever during the fourth quarter worth about $29,000. FNY Investment Advisers LLC acquired a new stake in Unilever in the 3rd quarter worth about $29,000. Finally, GPS Wealth Strategies Group LLC raised its stake in Unilever by 141.3% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 514 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UL. Kepler Capital Markets lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Monday, February 9th. Morgan Stanley set a $60.10 price target on Unilever and gave the company an “overweight” rating in a research note on Monday, December 15th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, February 23rd. Finally, Weiss Ratings lowered Unilever from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $65.55.

Unilever Price Performance

UL stock opened at $59.80 on Friday. Unilever PLC has a 12 month low of $59.75 and a 12 month high of $74.97. The company’s 50-day moving average price is $68.19 and its two-hundred day moving average price is $67.53.

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 analysts’ consensus estimates of $1.75 by ($1.00). The firm had revenue of $11.87 billion for the quarter, compared to the consensus estimate of $31.39 billion. On average, sell-side analysts expect that Unilever PLC will post 3.27 EPS for the current fiscal year.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, February 27th will be given a dividend of $0.5547 per share. This represents a $2.22 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, February 27th.

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.