Pecaut & CO. Cuts Stake in Unilever PLC (UL)

Pecaut & CO. decreased its stake in Unilever PLC (NYSE:UL) by 53.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the company’s stock after selling 6,800 shares during the period. Pecaut & CO.’s holdings in Unilever PLC were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Carroll Financial Associates Inc. boosted its position in Unilever PLC by 12.2% in the first quarter. Carroll Financial Associates Inc. now owns 2,374 shares of the company’s stock valued at $117,000 after buying an additional 258 shares during the last quarter. Hartford Financial Management Inc. boosted its position in Unilever PLC by 143.7% in the first quarter. Hartford Financial Management Inc. now owns 2,476 shares of the company’s stock valued at $122,000 after buying an additional 1,460 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in Unilever PLC during the fourth quarter valued at approximately $130,000. NEXT Financial Group Inc raised its position in Unilever PLC by 7.6% in the second quarter. NEXT Financial Group Inc now owns 3,616 shares of the company’s stock valued at $196,000 after buying an additional 256 shares during the period. Finally, Northstar Group Inc. acquired a new position in Unilever PLC during the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 8.41% of the company’s stock.

Shares of Unilever PLC (NYSE UL) traded up 0.09% on Friday, hitting $56.74. 1,044,637 shares of the stock were exchanged. Unilever PLC has a 52-week low of $38.58 and a 52-week high of $57.65. The company’s 50 day moving average is $55.75 and its 200-day moving average is $51.23. The stock has a market cap of $159.58 billion, a PE ratio of 23.67 and a beta of 0.88.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be issued a $0.409 dividend. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, August 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.88%.

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Several equities analysts have commented on the stock. Royal Bank Of Canada lowered shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday. Zacks Investment Research lowered shares of Unilever PLC from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, UBS AG reaffirmed a “neutral” rating on shares of Unilever PLC in a research note on Monday, July 17th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $43.50.

Unilever PLC Company Profile

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.

Institutional Ownership by Quarter for Unilever PLC (NYSE:UL)

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