Timber Creek Capital Management LLC Has $4.23 Million Stake in Unilever PLC $UL

Timber Creek Capital Management LLC grew its position in Unilever PLC (NYSE:UL) by 59.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,661 shares of the company’s stock after purchasing an additional 24,163 shares during the quarter. Timber Creek Capital Management LLC’s holdings in Unilever were worth $4,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UL. Palisade Asset Management LLC acquired a new position in shares of Unilever in the third quarter valued at approximately $25,000. Asset Dedication LLC grew its position in shares of Unilever by 108.8% in the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock valued at $28,000 after purchasing an additional 248 shares during the last quarter. Global Wealth Strategies & Associates acquired a new position in shares of Unilever in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new position in shares of Unilever in the third quarter valued at approximately $29,000. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Unilever by 141.3% in the third 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 last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UL shares. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday, February 23rd. BNP Paribas Exane set a $71.00 price target on Unilever and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Argus raised Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. Morgan Stanley set a $60.10 price target on Unilever and gave the stock an “overweight” rating in a research report on Monday, December 15th. Finally, Weiss Ratings downgraded Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $65.55.

Unilever Stock Down 0.2%

Shares of UL stock opened at $58.22 on Tuesday. The stock’s fifty day moving average price is $66.01 and its two-hundred day moving average price is $66.47. Unilever PLC has a fifty-two week low of $54.95 and a fifty-two week high of $74.97.

Unilever (NYSE:UL) last issued 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 during the quarter, compared to analysts’ expectations of $31.39 billion. As a group, analysts forecast 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 was paid on Friday, April 10th. Shareholders of record on Friday, February 27th were issued a $0.5547 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was 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.