California Public Employees Retirement System Invests $79.47 Million in Unilever plc (UL)

California Public Employees Retirement System bought a new stake in Unilever plc (NYSE:UL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,436,000 shares of the company’s stock, valued at approximately $79,468,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UL. Harding Loevner LP raised its position in Unilever by 5,115.5% in the third 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 position in Unilever in the third quarter worth about $40,438,000. Assetmark Inc. raised its position in Unilever by 25,856.4% in the third 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. Crossmark Global Holdings Inc. acquired a new position in Unilever in the third quarter worth about $8,537,000. Finally, Parametric Portfolio Associates LLC raised its position in Unilever by 17.8% in the third quarter. Parametric Portfolio Associates LLC now owns 794,743 shares of the company’s stock worth $46,063,000 after purchasing an additional 120,258 shares in the last quarter. Institutional investors and hedge funds own 7.04% of the company’s stock.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a research report on Monday, December 18th. Zacks Investment Research lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Argus began coverage on shares of Unilever in a report on Friday, November 17th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Unilever presently has an average rating of “Hold” and an average target price of $44.50.

Shares of Unilever plc (UL) opened at $52.39 on Monday. The firm has a market cap of $156,280.00, a P/E ratio of 19.92, a PEG ratio of 2.32 and a beta of 0.86. Unilever plc has a fifty-two week low of $41.46 and a fifty-two week high of $60.13.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, February 16th will be issued a dividend of $0.4452 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.78 annualized dividend and a dividend yield of 3.40%. Unilever’s dividend payout ratio (DPR) is presently 63.50%.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.com-unik.info/2018/02/12/california-public-employees-retirement-system-invests-79-47-million-in-unilever-plc-ul.html.

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.

Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever plc (NYSE:UL).

Institutional Ownership by Quarter for Unilever (NYSE:UL)

Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit