Unilever (
ULVR.L) has been one of the most "boring" shares we have owned in the company private portfolio. Boring because it has not seen the crazy price action of a GameStop movement. However, what is different is: the amount of money it has made us and our clients.
But, making money is not boring.
In the last set of results the consumer giant's fourth-quarter results were all about sales volume and the dividend is good. Currently in our client portfolios we are receiving northward of 4% and that does not include the profits from the upward movements in the share price as can be seen in the chart below.
Unilever's third-quarter sales growth of 5.2% was generally on track in 2023. However, the underlying details did raise some concerns. The growth was driven by pricing, while volumes declined. The current focus is on reversing this volume ...
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