Hedeker Wealth LLC continued to hold its position in Unilever PLC (NYSE:UL) during the first quarter, Holdings Channel reports. The firm owned 11,830 shares of the company’s stock at the end of the first quarter. Hedeker Wealth LLC’s holdings in Unilever PLC were worth $583,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Carroll Financial Associates Inc. boosted its position in Unilever PLC by 12.2% in the first quarter. Carroll Financial Associates Inc. now owns 2,374 shares of the company’s stock valued at $117,000 after buying an additional 258 shares in the last quarter. Hartford Financial Management Inc. boosted its position in Unilever PLC by 143.7% in the first quarter. Hartford Financial Management Inc. now owns 2,476 shares of the company’s stock valued at $122,000 after buying an additional 1,460 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in Unilever PLC during the fourth quarter valued at about $130,000. Intellectus Partners LLC acquired a new position in Unilever PLC during the fourth quarter valued at about $122,000. Finally, Azimuth Capital Management LLC acquired a new position in Unilever PLC during the first quarter valued at about $202,000. 8.53% of the stock is owned by institutional investors and hedge funds.
Shares of Unilever PLC (NYSE UL) traded up 0.83% during mid-day trading on Friday, hitting $54.62. The company had a trading volume of 2,368,177 shares. The stock has a market cap of $155.10 billion, a price-to-earnings ratio of 26.97 and a beta of 0.90. The stock’s 50-day moving average is $53.82 and its 200-day moving average is $47.01. Unilever PLC has a 52-week low of $38.58 and a 52-week high of $56.48.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 7th. Investors of record on Friday, May 5th were paid a $0.383 dividend. This represents a $1.53 dividend on an annualized basis and a yield of 2.83%. This is an increase from Unilever PLC’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, May 3rd.
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Several research firms have recently issued reports on UL. Seaport Global Securities lowered their price objective on Unilever PLC from $28.00 to $26.00 in a research report on Monday, April 3rd. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever PLC in a research report on Tuesday, March 28th. Bank of America Corporation raised Unilever PLC from an “underperform” rating to a “neutral” rating in a research report on Monday, February 27th. Macquarie began coverage on Unilever PLC in a research report on Friday, March 17th. They set an “outperform” rating for the company. Finally, Liberum Capital reaffirmed a “hold” rating on shares of Unilever PLC in a research report on Monday, March 27th. Two investment 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 company presently has a consensus 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.
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