Columbia Partners L L C Investment Management reduced its stake in Unilever PLC (NYSE:UL) by 8.3% during the first quarter, Holdings Channel reports. The institutional investor owned 106,266 shares of the company’s stock after selling 9,632 shares during the period. Columbia Partners L L C Investment Management’s holdings in Unilever PLC were worth $5,243,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiduciary Management Inc. WI raised its position in Unilever PLC by 56.6% in the first quarter. Fiduciary Management Inc. WI now owns 10,615,523 shares of the company’s stock valued at $523,770,000 after buying an additional 3,837,015 shares in the last quarter. Mawer Investment Management Ltd. raised its position in Unilever PLC by 31.4% in the first quarter. Mawer Investment Management Ltd. now owns 3,830,766 shares of the company’s stock valued at $189,010,000 after buying an additional 914,789 shares in the last quarter. Ameriprise Financial Inc. raised its position 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 in the last quarter. Harding Loevner LP raised its position 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 in the last quarter. Finally, Jane Street Group LLC raised its position in Unilever PLC by 459.2% in the first quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock valued at $104,600,000 after buying an additional 1,740,864 shares in the last quarter. Institutional investors and hedge funds own 8.53% of the company’s stock.
Unilever PLC (UL) traded up 0.75% during mid-day trading on Wednesday, hitting $55.17. The company’s stock had a trading volume of 894,284 shares. Unilever PLC has a 52-week low of $38.58 and a 52-week high of $56.48. The firm has a market cap of $156.67 billion, a price-to-earnings ratio of 27.06 and a beta of 0.90. The firm has a 50 day moving average of $54.11 and a 200-day moving average of $47.45.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 7th. Stockholders of record on Friday, May 5th were issued a dividend of $0.383 per share. This is an increase from Unilever PLC’s previous quarterly dividend of $0.35. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Wednesday, May 3rd.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Unilever PLC from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Saturday. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever PLC in a report on Tuesday, March 28th. Liberum Capital reiterated a “hold” rating on shares of Unilever PLC in a report on Monday, March 27th. Seaport Global Securities reduced their target price on Unilever PLC from $28.00 to $26.00 in a report on Monday, April 3rd. Finally, ABN Amro lowered Unilever PLC from a “hold” rating to a “sell” rating in a report on Friday, March 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $43.50.
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.
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