NGAM Advisors L.P. cut its position in Unilever PLC (NYSE:UL) by 40.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 238,300 shares of the company’s stock after selling 161,736 shares during the period. NGAM Advisors L.P.’s holdings in Unilever PLC were worth $12,897,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Arthur M. Cohen & Associates LLC boosted its position in shares of Unilever PLC by 4.0% in the second quarter. Arthur M. Cohen & Associates LLC now owns 21,025 shares of the company’s stock worth $1,132,000 after buying an additional 800 shares during the period. Hanson & Doremus Investment Management boosted its position in shares of Unilever PLC by 7.2% in the second quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock worth $121,000 after buying an additional 150 shares during the period. Elefante Mark B boosted its position in shares of Unilever PLC by 14.9% in the second quarter. Elefante Mark B now owns 8,295 shares of the company’s stock worth $449,000 after buying an additional 1,075 shares during the period. Kidder Stephen W boosted its position in shares of Unilever PLC by 3.6% in the second quarter. Kidder Stephen W now owns 76,557 shares of the company’s stock worth $4,142,000 after buying an additional 2,637 shares during the period. Finally, Dempze Nancy E raised its stake in shares of Unilever PLC by 1.8% in the second quarter. Dempze Nancy E now owns 31,636 shares of the company’s stock worth $1,712,000 after buying an additional 569 shares in the last quarter. Hedge funds and other institutional investors own 8.41% of the company’s stock.
Shares of Unilever PLC (UL) traded up 0.09% during midday trading on Friday, reaching $56.74. The company’s stock had a trading volume of 1,044,637 shares. The stock’s 50-day moving average is $55.75 and its 200-day moving average is $51.23. The company has a market capitalization of $159.58 billion, a P/E ratio of 23.67 and a beta of 0.88. Unilever PLC has a one year low of $38.58 and a one year high of $57.65.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be paid a $0.409 dividend. This is a boost from Unilever PLC’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, August 2nd.
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UL has been the subject of a number of research analyst reports. Zacks Investment Research lowered Unilever PLC from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada lowered Unilever PLC from a “sector perform” rating to an “underperform” rating in a research note on Friday. Finally, UBS AG reissued 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 assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target 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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