HL Financial Services LLC decreased its stake in Unilever PLC (NYSE:UL) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 22,696 shares of the company’s stock after selling 115 shares during the period. HL Financial Services LLC’s holdings in Unilever PLC were worth $1,228,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UL. Fiduciary Management Inc. WI boosted its stake in Unilever PLC by 56.6% in the first quarter. Fiduciary Management Inc. WI now owns 10,615,523 shares of the company’s stock worth $523,770,000 after buying an additional 3,837,015 shares in the last quarter. Jane Street Group LLC boosted its stake in Unilever PLC by 459.2% in the first quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock worth $104,600,000 after buying an additional 1,740,864 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Unilever PLC by 94.7% in the first quarter. Ameriprise Financial Inc. now owns 2,467,891 shares of the company’s stock worth $124,783,000 after buying an additional 1,200,280 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in Unilever PLC by 31.4% in the first quarter. Mawer Investment Management Ltd. now owns 3,830,766 shares of the company’s stock worth $189,010,000 after buying an additional 914,789 shares in the last quarter. Finally, TIAA CREF Investment Management LLC bought a new stake in Unilever PLC during the first quarter worth approximately $18,447,000. 8.41% of the stock is owned by institutional investors and hedge funds.
Shares of Unilever PLC (NYSE:UL) opened at 56.69 on Friday. The stock has a market cap of $159.44 billion, a PE ratio of 23.65 and a beta of 0.88. Unilever PLC has a 12-month low of $38.58 and a 12-month high of $57.65. The firm has a 50-day moving average price of $55.68 and a 200 day moving average price of $51.12.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.409 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.89%. This is an increase from Unilever PLC’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, August 2nd.
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A number of analysts recently commented on UL shares. Zacks Investment Research cut Unilever PLC from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. UBS AG reiterated a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $43.50.
About Unilever PLC
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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