CORDA Investment Management LLC. Raises Stake in Unilever PLC (NYSE:UL)

CORDA Investment Management LLC. raised its position in Unilever PLC (NYSE:UL) by 17.6% in the first quarter, Holdings Channel reports. The fund owned 507,443 shares of the company’s stock after buying an additional 76,048 shares during the period. Unilever makes up approximately 2.6% of CORDA Investment Management LLC.’s portfolio, making the stock its 15th biggest holding. CORDA Investment Management LLC.’s holdings in Unilever were worth $28,330,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of UL. OLD Mission Capital LLC lifted its stake in Unilever by 59.9% in the third quarter. OLD Mission Capital LLC now owns 27,043 shares of the company’s stock worth $1,668,000 after acquiring an additional 10,133 shares during the last quarter. FWL Investment Management LLC purchased a new position in Unilever in the fourth quarter worth approximately $3,117,000. MUFG Americas Holdings Corp lifted its stake in Unilever by 160.9% in the fourth quarter. MUFG Americas Holdings Corp now owns 7,929 shares of the company’s stock worth $479,000 after acquiring an additional 4,890 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new position in Unilever in the fourth quarter worth approximately $222,000. Finally, Wade G W & Inc. purchased a new position in Unilever in the fourth quarter worth approximately $392,000. Institutional investors own 8.82% of the company’s stock.

A number of research analysts recently issued reports on the stock. Societe Generale reiterated a “sell” rating on shares of Unilever in a research note on Wednesday, April 14th. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a research report on Tuesday, April 13th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $69.00.

UL stock traded down $0.27 on Friday, hitting $60.24. The company’s stock had a trading volume of 39,727 shares, compared to its average volume of 2,080,475. The firm’s 50 day simple moving average is $58.90. Unilever PLC has a 1 year low of $51.98 and a 1 year high of $63.89. The stock has a market capitalization of $158.39 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 5.08 and a beta of 0.47.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Investors of record on Friday, May 21st were given a $0.5159 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Thursday, May 20th. This represents a $2.06 annualized dividend and a yield of 3.43%. Unilever’s dividend payout ratio is 72.08%.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in Asia, Africa, the Middle East, Turkey, Russia, Ukraine, Belarus, the Americas, and Europe. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmé, and Vaseline brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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