Forward Management LLC cut its position in shares of Unilever PLC (NYSE:UL) by 14.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,206 shares of the company’s stock after selling 7,708 shares during the period. Forward Management LLC’s holdings in Unilever PLC were worth $2,391,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Kovitz Investment Group Partners LLC acquired a new stake in Unilever PLC during the second quarter worth approximately $1,626,000. TD Asset Management Inc. increased its stake in Unilever PLC by 3.9% in the second quarter. TD Asset Management Inc. now owns 199,317 shares of the company’s stock worth $10,787,000 after buying an additional 7,563 shares in the last quarter. Cambridge Trust Co. increased its stake in Unilever PLC by 14.7% in the second quarter. Cambridge Trust Co. now owns 66,294 shares of the company’s stock worth $3,588,000 after buying an additional 8,481 shares in the last quarter. IFP Advisors Inc increased its stake in Unilever PLC by 15.2% in the second quarter. IFP Advisors Inc now owns 9,423 shares of the company’s stock worth $510,000 after buying an additional 1,246 shares in the last quarter. Finally, Lucas Capital Management increased its stake in Unilever PLC by 7.0% in the second quarter. Lucas Capital Management now owns 42,890 shares of the company’s stock worth $2,321,000 after buying an additional 2,821 shares in the last quarter. Institutional investors own 8.41% of the company’s stock.
Shares of Unilever PLC (NYSE:UL) opened at 56.69 on Friday. The stock has a 50 day moving average price of $55.68 and a 200-day moving average price of $51.12. Unilever PLC has a 52 week low of $38.58 and a 52 week high of $57.65. The firm has a market capitalization of $159.44 billion, a PE ratio of 23.65 and a beta of 0.88.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Friday, August 4th will be given a $0.409 dividend. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, August 2nd.
A number of equities research analysts have commented on the company. Zacks Investment Research downgraded Unilever PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. UBS AG restated a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Unilever PLC currently has an average 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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