CIBC World Markets Inc. Boosts Position in Unilever plc (UL)

CIBC World Markets Inc. increased its position in shares of Unilever plc (NYSE:UL) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,596 shares of the company’s stock after buying an additional 1,127 shares during the period. CIBC World Markets Inc.’s holdings in Unilever plc were worth $7,924,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in UL. Artisan Partners Limited Partnership increased its stake in shares of Unilever plc by 0.5% in the fourth quarter. Artisan Partners Limited Partnership now owns 3,660,383 shares of the company’s stock valued at $148,978,000 after buying an additional 16,693 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Unilever plc by 94.7% in the first quarter. Ameriprise Financial Inc. now owns 2,467,891 shares of the company’s stock valued at $124,783,000 after buying an additional 1,200,280 shares in the last quarter. Harding Loevner LP increased its stake in shares of Unilever plc by 8.7% in the first quarter. Harding Loevner LP now owns 2,459,108 shares of the company’s stock valued at $121,332,000 after buying an additional 197,199 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Unilever plc by 86.4% in the third quarter. Jane Street Group LLC now owns 2,114,323 shares of the company’s stock valued at $100,219,000 after buying an additional 980,295 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Unilever plc by 3.1% in the third quarter. UBS Group AG now owns 1,242,866 shares of the company’s stock valued at $58,912,000 after buying an additional 37,838 shares in the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Institutional Ownership by Quarter for Unilever plc (NYSE:UL)

Unilever plc (NYSE:UL) traded up 1.20% during midday trading on Friday, reaching $53.87. The company had a trading volume of 929,988 shares. The company has a 50-day moving average price of $51.17 and a 200-day moving average price of $44.98. The stock has a market capitalization of $152.97 billion, a price-to-earnings ratio of 27.14 and a beta of 0.82. Unilever plc has a one year low of $38.58 and a one year high of $54.05.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 7th. Stockholders of record on Friday, May 5th will be paid a $0.383 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, May 3rd. This is a positive change from Unilever plc’s previous quarterly dividend of $0.35.

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Several equities analysts have commented on the company. Macquarie assumed coverage on Unilever plc in a research report on Friday, March 17th. They issued an “outperform” rating for the company. Bank of America Corp upgraded Unilever plc from an “underperform” rating to a “neutral” rating in a research report on Monday, February 27th. Barclays PLC downgraded Unilever plc from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 23rd. Goldman Sachs Group Inc reiterated a “sell” rating on shares of Unilever plc in a research report on Friday, March 24th. Finally, ABN Amro downgraded Unilever plc from a “hold” rating to a “sell” rating in a research report on Friday, March 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Unilever plc presently has an average rating of “Hold” and a consensus target price of $36.00.

About Unilever plc

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.

5 Day Chart for NYSE:UL

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