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.
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%.
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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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