Todd Asset Management LLC Lowers Holdings in Unilever PLC $UL

Todd Asset Management LLC decreased its holdings in Unilever PLC (NYSE:UL) by 11.3% in the second quarter, HoldingsChannel.com reports. The fund owned 95,495 shares of the company’s stock after selling 12,130 shares during the quarter. Todd Asset Management LLC’s holdings in Unilever were worth $5,741,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE raised its stake in Unilever by 16.4% during the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock valued at $379,501,000 after purchasing an additional 937,346 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Unilever in the 4th quarter worth approximately $268,704,000. Raymond James Financial Inc. grew its holdings in Unilever by 9.8% during the 4th quarter. Raymond James Financial Inc. now owns 3,616,603 shares of the company’s stock valued at $236,526,000 after buying an additional 323,393 shares in the last quarter. Royal Bank of Canada grew its holdings in Unilever by 13.6% during the 1st quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock valued at $193,915,000 after buying an additional 406,610 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Unilever by 44.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,067,651 shares of the company’s stock valued at $200,625,000 after buying an additional 942,286 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 0.9%

NYSE UL opened at $62.12 on Friday. The stock has a 50 day moving average price of $61.28 and a 200-day moving average price of $62.20. Unilever PLC has a one year low of $54.75 and a one year high of $74.97.

Unilever (NYSE:UL) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.92). The company had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. On average, sell-side analysts predict that Unilever PLC will post 3.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

UL has been the topic of several research analyst reports. TD Cowen reissued a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Zacks Research upgraded shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Unilever presently has a consensus rating of “Hold” and a consensus price target 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.