Oppenheimer Asset Management Inc. Has $36.30 Million Stake in Unilever PLC $UL

Oppenheimer Asset Management Inc. decreased its position in shares of Unilever PLC (NYSE:UL) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 555,108 shares of the company’s stock after selling 82,211 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Unilever were worth $36,304,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UL. Wellington Management Group LLP lifted its holdings in Unilever by 9.3% during the 3rd quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after buying an additional 2,935,227 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Unilever by 13,906.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,268,300 shares of the company’s stock worth $134,465,000 after buying an additional 2,252,105 shares during the period. Munich Reinsurance Co Stock Corp in Munich acquired a new position in Unilever during the 3rd quarter worth about $82,461,000. Fisher Asset Management LLC lifted its holdings in Unilever by 4.4% during the 3rd quarter. Fisher Asset Management LLC now owns 22,537,917 shares of the company’s stock worth $1,336,048,000 after buying an additional 959,269 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in Unilever by 78.8% during the 2nd quarter. Corient Private Wealth LLC now owns 1,933,422 shares of the company’s stock worth $118,261,000 after buying an additional 852,099 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Up 3.8%

Shares of Unilever stock opened at $59.03 on Friday. Unilever PLC has a one year low of $54.95 and a one year high of $74.97. The business has a 50-day simple moving average of $62.20 and a 200 day simple moving average of $65.69.

Unilever (NYSE:UL) last issued its earnings results on Thursday, February 12th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.00). The company had revenue of $11.87 billion during the quarter, compared to analyst estimates of $31.39 billion. Research analysts anticipate that Unilever PLC will post 3.68 EPS for the current year.

Unilever Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UL shares. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Monday, February 23rd. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Weiss Ratings downgraded Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. BNP Paribas Exane set a $71.00 price objective on Unilever and gave the company a “neutral” rating in a research note on Thursday, January 8th. 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 assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $65.55.

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.