Unilever plc (UL) Shares Bought by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Unilever plc (NYSE:UL) by 15.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,424 shares of the company’s stock after buying an additional 10,682 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Unilever plc were worth $3,968,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its stake in 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 during the period. Jane Street Group LLC boosted its stake in 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 during the period. OLD Mission Capital LLC boosted its stake in Unilever plc by 289.0% in the third quarter. OLD Mission Capital LLC now owns 535,824 shares of the company’s stock valued at $22,371,000 after buying an additional 398,063 shares during the period. Harding Loevner LP boosted its stake in 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 during the period. Finally, Scotia Capital Inc. boosted its stake in Unilever plc by 177.5% in the fourth quarter. Scotia Capital Inc. now owns 293,163 shares of the company’s stock valued at $11,940,000 after buying an additional 187,517 shares during the period. 8.60% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Unilever plc (NYSE:UL) traded up 1.20% during trading on Friday, reaching $53.87. 929,988 shares of the company were exchanged. Unilever plc has a 1-year low of $38.58 and a 1-year high of $54.05. The company has a market capitalization of $152.97 billion, a price-to-earnings ratio of 27.14 and a beta of 0.82. The stock’s 50 day moving average is $51.17 and its 200 day moving average is $44.98.

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

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Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever plc in a research report on Tuesday, March 28th. Liberum Capital restated a “hold” rating on shares of Unilever plc in a research report on Monday, March 27th. Barclays PLC upgraded shares of Unilever plc from an “equal weight” rating to an “overweight” rating in a research report on Saturday, March 25th. Goldman Sachs Group Inc restated a “sell” rating on shares of Unilever plc in a research report on Friday, March 24th. Finally, Macquarie assumed coverage on shares of Unilever plc in a research report on Friday, March 17th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $36.00.

Unilever plc Company Profile

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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