Saturna Capital CORP Cuts Stake in Unilever plc (UL)

Saturna Capital CORP lessened its stake in shares of Unilever plc (NYSE:UL) by 5.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 415,050 shares of the company’s stock after selling 26,050 shares during the quarter. Saturna Capital CORP’s holdings in Unilever were worth $24,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UL. Harding Loevner LP raised its stake in Unilever by 5,115.5% in the 3rd quarter. Harding Loevner LP now owns 136,128,531 shares of the company’s stock worth $24,696,000 after purchasing an additional 133,518,453 shares in the last quarter. LMR Partners LLP acquired a new stake in Unilever in the 3rd quarter worth about $40,438,000. Goldman Sachs Group Inc. raised its stake in Unilever by 47.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock worth $99,434,000 after purchasing an additional 592,653 shares in the last quarter. Assetmark Inc. raised its stake in Unilever by 25,856.4% in the 3rd quarter. Assetmark Inc. now owns 230,752 shares of the company’s stock worth $13,374,000 after purchasing an additional 229,863 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd acquired a new stake in Unilever in the 2nd quarter worth about $10,548,000. Institutional investors own 7.10% of the company’s stock.

Unilever plc (UL) traded down $0.14 during mid-day trading on Wednesday, reaching $55.86. 1,588,100 shares of the company’s stock traded hands, compared to its average volume of 1,670,603. Unilever plc has a 52-week low of $39.08 and a 52-week high of $60.13.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 3rd will be issued a $0.4217 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 3.02%. The ex-dividend date is Thursday, November 2nd.

Several analysts have weighed in on UL shares. Morgan Stanley reiterated a “neutral” rating on shares of Unilever in a research note on Wednesday, October 11th. Zacks Investment Research cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Argus started coverage on shares of Unilever in a research note on Friday, November 17th. They issued a “hold” rating for the company. Finally, J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $46.50.

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Unilever 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.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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