Ionic Capital Management LLC Has $3.60 Million Position in Unilever PLC (UL)

Ionic Capital Management LLC boosted its position in shares of Unilever PLC (NYSE:UL) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,862 shares of the company’s stock after buying an additional 8,074 shares during the period. Ionic Capital Management LLC’s holdings in Unilever PLC were worth $3,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Guardian Capital Advisors LP raised its position in shares of Unilever PLC by 12.4% in the fourth quarter. Guardian Capital Advisors LP now owns 69,345 shares of the company’s stock worth $2,858,000 after buying an additional 7,674 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Unilever PLC during the fourth quarter worth $725,000. CORDA Investment Management LLC. raised its position in shares of Unilever PLC by 6.3% in the first quarter. CORDA Investment Management LLC. now owns 334,723 shares of the company’s stock worth $16,515,000 after buying an additional 19,829 shares in the last quarter. Gamble Jones Investment Counsel raised its position in shares of Unilever PLC by 1.1% in the first quarter. Gamble Jones Investment Counsel now owns 18,897 shares of the company’s stock worth $932,000 after buying an additional 210 shares in the last quarter. Finally, Dodge & Cox purchased a new position in shares of Unilever PLC during the fourth quarter worth $1,363,000. 8.52% of the stock is currently owned by institutional investors and hedge funds.

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

Unilever PLC (UL) traded down 0.993% during mid-day trading on Tuesday, reaching $54.325. The company had a trading volume of 892,607 shares. The firm’s 50 day moving average price is $54.02 and its 200-day moving average price is $47.34. Unilever PLC has a 12 month low of $38.58 and a 12 month high of $56.48. The company has a market capitalization of $154.27 billion, a price-to-earnings ratio of 26.656 and a beta of 0.90.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 7th. Investors of record on Friday, May 5th were given a $0.383 dividend. This represents a $1.53 annualized dividend and a yield of 2.79%. The ex-dividend date was Wednesday, May 3rd. This is a boost from Unilever PLC’s previous quarterly dividend of $0.35.

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A number of research analysts have recently weighed in on UL shares. Macquarie started coverage on Unilever PLC in a report on Friday, March 17th. They issued an “outperform” rating on the stock. Bank of America Corporation raised Unilever PLC from an “underperform” rating to a “neutral” rating in a report on Monday, February 27th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Unilever PLC in a report on Friday, March 24th. Barclays PLC raised Unilever PLC from an “equal weight” rating to an “overweight” rating in a report on Saturday, March 25th. Finally, ABN Amro lowered Unilever PLC from a “hold” rating to a “sell” rating in a report on Friday, March 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Unilever PLC has an average rating of “Hold” and a consensus price target 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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