Canal Capital Management LLC lifted its holdings in shares of Unilever N.V. (NYSE:UL) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,518 shares of the company’s stock after purchasing an additional 636 shares during the quarter. Canal Capital Management LLC’s holdings in Unilever were worth $393,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Ingalls & Snyder LLC boosted its holdings in Unilever by 3.6% in the third quarter. Ingalls & Snyder LLC now owns 238,743 shares of the company’s stock valued at $13,124,000 after acquiring an additional 8,187 shares during the last quarter. Veritable L.P. increased its position in shares of Unilever by 10.3% during the third quarter. Veritable L.P. now owns 11,627 shares of the company’s stock worth $639,000 after acquiring an additional 1,089 shares during the last quarter. Northwest Investment Counselors LLC increased its position in shares of Unilever by 3.2% during the third quarter. Northwest Investment Counselors LLC now owns 42,821 shares of the company’s stock worth $2,354,000 after acquiring an additional 1,311 shares during the last quarter. Sabal Trust CO increased its position in shares of Unilever by 6.8% during the third quarter. Sabal Trust CO now owns 445,167 shares of the company’s stock worth $24,471,000 after acquiring an additional 28,519 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its position in shares of Unilever by 71.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 9,780 shares of the company’s stock worth $538,000 after acquiring an additional 4,080 shares during the last quarter. Institutional investors and hedge funds own 6.82% of the company’s stock.
A number of brokerages have recently issued reports on UL. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. JPMorgan Chase & Co. reissued a “sell” rating on shares of Unilever in a report on Wednesday, January 30th. Finally, UBS Group lowered Unilever from a “buy” rating to a “neutral” rating in a report on Tuesday, January 8th.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, February 15th will be issued a dividend of $0.442 per share. The ex-dividend date is Thursday, February 14th. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.77 annualized dividend and a dividend yield of 3.25%. Unilever’s dividend payout ratio is 63.90%.
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Unilever PLC operates in the fast-moving consumer goods industry worldwide. It operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skin care and hair care products, deodorants, and oral care products. The Home Care segment provides home care products, including powders, liquids and capsules, soap bars, and various cleaning products.
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