SL Advisors LLC purchased a new stake in shares of Unilever PLC (NYSE:UL) during the second quarter, Holdings Channel reports. The fund purchased 14,241 shares of the company’s stock, valued at approximately $682,000.
A number of other hedge funds also recently bought and sold shares of the stock. Advisory Services Network LLC raised its stake in Unilever PLC by 17.2% in the second quarter. Advisory Services Network LLC now owns 2,446 shares of the company’s stock valued at $117,000 after buying an additional 359 shares during the last quarter. Catamount Wealth Management raised its stake in Unilever PLC by 2,426.5% in the first quarter. Catamount Wealth Management now owns 3,436 shares of the company’s stock valued at $155,000 after buying an additional 3,300 shares during the last quarter. Champlain Investment Partners LLC acquired a new stake in Unilever PLC during the first quarter valued at $203,000. Edmp Inc. acquired a new stake in Unilever PLC during the second quarter valued at $208,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Unilever PLC during the first quarter valued at $209,000. 8.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Unilever PLC (NYSE:UL) traded down 0.66% during trading on Friday, reaching $46.45. 901,130 shares of the company were exchanged. The stock has a market capitalization of $131.86 billion, a P/E ratio of 23.94 and a beta of 0.74. The stock has a 50-day moving average of $47.02 and a 200 day moving average of $46.23. Unilever PLC has a 52-week low of $39.86 and a 52-week high of $48.97.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th were given a $0.348 dividend. This represents a $1.39 annualized dividend and a dividend yield of 2.98%. This is a boost from Unilever PLC’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, August 3rd.
Several analysts have weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Unilever PLC in a research note on Monday, August 22nd. They set an “outperform” rating for the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Unilever PLC in a research note on Wednesday, July 27th. Deutsche Bank AG reiterated a “buy” rating on shares of Unilever PLC in a research note on Thursday, August 25th. RBC Capital Markets restated a “sector perform” rating on shares of Unilever PLC in a research report on Sunday, July 24th. Finally, Royal Bank Of Canada lowered shares of Unilever PLC from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $51.00.
Unilever PLC Company Profile
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
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