Emerald Acquisition Ltd. bought a new stake in Unilever plc (NYSE:UL) during the second quarter, Holdings Channel reports. The fund bought 41,494 shares of the company’s stock, valued at approximately $1,988,000.
A number of other large investors have also added to or reduced their stakes in UL. OLD Mission Capital LLC acquired a new stake in Unilever plc during the first quarter valued at approximately $13,968,000. Bank of Montreal Can acquired a new stake in Unilever plc during the second quarter valued at approximately $13,871,000. Renaissance Technologies LLC boosted its stake in Unilever plc by 122.3% in the first quarter. Renaissance Technologies LLC now owns 418,240 shares of the company’s stock valued at $18,896,000 after buying an additional 230,100 shares in the last quarter. Aviance Capital Management LLC boosted its stake in Unilever plc by 36.5% in the second quarter. Aviance Capital Management LLC now owns 381,408 shares of the company’s stock valued at $18,273,000 after buying an additional 101,951 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in Unilever plc by 40.8% in the first quarter. First Republic Investment Management Inc. now owns 299,500 shares of the company’s stock valued at $13,532,000 after buying an additional 86,719 shares in the last quarter.
Unilever plc (NYSE:UL) traded up 0.70% on Friday, hitting $47.40. The stock had a trading volume of 963,520 shares. Unilever plc has a 1-year low of $39.86 and a 1-year high of $48.97. The stock has a 50 day moving average price of $46.98 and a 200 day moving average price of $46.16. The company has a market cap of $134.56 billion, a P/E ratio of 24.45 and a beta of 0.70.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th were paid a $0.348 dividend. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Wednesday, August 3rd. This is a positive change from Unilever plc’s previous quarterly dividend of $0.32.
UL has been the subject of several recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Unilever plc in a research note on Thursday, August 25th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Unilever plc in a research note on Tuesday, July 12th. Sanford C. Bernstein assumed coverage on Unilever plc in a report on Monday, August 22nd. They issued an “outperform” rating on the stock. RBC Capital Markets reiterated a “sector perform” rating on shares of Unilever plc in a report on Sunday, July 24th. Finally, Royal Bank Of Canada lowered Unilever plc from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Unilever plc presently has an average rating of “Hold” and an average target price of $51.00.
About Unilever plc
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
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