Whittier Trust Co. of Nevada Inc. reduced its position in shares of Unilever PLC (NYSE:UL) by 4.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 35,105 shares of the company’s stock after selling 1,578 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Unilever PLC were worth $1,682,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in UL. Advisory Services Network LLC boosted its stake in Unilever PLC by 17.2% in the second quarter. Advisory Services Network LLC now owns 2,446 shares of the company’s stock worth $117,000 after buying an additional 359 shares in the last quarter. Catamount Wealth Management boosted its stake in Unilever PLC by 2,426.5% in the first quarter. Catamount Wealth Management now owns 3,436 shares of the company’s stock worth $155,000 after buying an additional 3,300 shares during the period. Champlain Investment Partners LLC bought a new stake in Unilever PLC during the first quarter worth approximately $203,000. Edmp Inc. bought a new stake in Unilever PLC during the second quarter worth approximately $208,000. Finally, Stratos Wealth Partners LTD. bought a new stake in Unilever PLC during the first quarter worth approximately $209,000. Institutional investors and hedge funds own 8.57% of the company’s stock.
Unilever PLC (NYSE:UL) traded down 1.686% during trading on Wednesday, reaching $46.945. 1,024,230 shares of the company’s stock were exchanged. The stock has a market capitalization of $133.27 billion, a PE ratio of 24.198 and a beta of 0.74. The stock has a 50-day moving average of $47.03 and a 200-day moving average of $46.23. Unilever PLC has a 52 week low of $39.86 and a 52 week high of $48.97.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Friday, August 5th were paid a dividend of $0.348 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.92%. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, August 3rd.
A number of analysts recently commented on UL shares. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Unilever PLC in a research note on Monday. Sanford C. Bernstein started coverage on shares of Unilever PLC in a research note on Monday, August 22nd. They issued an “outperform” rating for the company. RBC Capital Markets reiterated a “sector perform” rating on shares of Unilever PLC in a research note on Sunday, July 24th. Royal Bank Of Canada cut shares of Unilever PLC from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Unilever PLC in a research note on Thursday, August 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.00.
Unilever PLC Company Profile
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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