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.
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%.
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, TRESemmÃ©, and Vaseline brands.
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