Unilever PLC (UL) Stake Reduced by Blue Granite Capital LLC

Blue Granite Capital LLC lowered its position in Unilever PLC (NYSE:UL) by 77.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,875 shares of the company’s stock after selling 36,475 shares during the period. Blue Granite Capital LLC’s holdings in Unilever PLC were worth $586,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UL. Hall Laurie J Trustee increased its position in Unilever PLC by 27.4% in the first quarter. Hall Laurie J Trustee now owns 13,060 shares of the company’s stock valued at $641,000 after buying an additional 2,810 shares during the last quarter. Capstone Asset Management Co. increased its position in Unilever PLC by 3.1% in the first quarter. Capstone Asset Management Co. now owns 128,637 shares of the company’s stock valued at $6,347,000 after buying an additional 3,840 shares during the last quarter. Murphy Capital Management Inc. increased its position in Unilever PLC by 11.8% in the first quarter. Murphy Capital Management Inc. now owns 23,963 shares of the company’s stock valued at $1,182,000 after buying an additional 2,525 shares during the last quarter. Carroll Financial Associates Inc. increased 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. Finally, Forte Capital LLC ADV increased its position in Unilever PLC by 11.2% in the first quarter. Forte Capital LLC ADV now owns 19,455 shares of the company’s stock valued at $960,000 after buying an additional 1,960 shares during the last quarter. 8.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Unilever PLC (UL) opened at 56.74 on Friday. 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 $159.58 billion, a PE ratio of 23.67 and a beta of 0.88. The company’s 50-day moving average is $55.75 and its 200 day moving average is $51.23.

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

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UL has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Unilever PLC from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. UBS AG reiterated a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. Finally, Royal Bank Of Canada cut shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Unilever PLC presently has a consensus 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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