Rehmann Capital Advisory Group cut its stake in Unilever PLC (NYSE:UL) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,221 shares of the company’s stock after selling 71 shares during the period. Rehmann Capital Advisory Group’s holdings in Unilever PLC were worth $553,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. CORDA Investment Management LLC. raised its stake in Unilever PLC by 6.3% in the first quarter. CORDA Investment Management LLC. now owns 334,723 shares of the company’s stock valued at $16,515,000 after buying an additional 19,829 shares during the last quarter. Gamble Jones Investment Counsel raised its stake in Unilever PLC by 1.1% in the first quarter. Gamble Jones Investment Counsel now owns 18,897 shares of the company’s stock valued at $932,000 after buying an additional 210 shares during the last quarter. Dodge & Cox acquired a new stake in Unilever PLC during the fourth quarter valued at about $1,363,000. World Asset Management Inc raised its stake in Unilever PLC by 1.4% in the first quarter. World Asset Management Inc now owns 79,991 shares of the company’s stock worth $3,947,000 after buying an additional 1,120 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC raised its stake in Unilever PLC by 25.7% in the first quarter. Reynders McVeigh Capital Management LLC now owns 117,465 shares of the company’s stock worth $5,796,000 after buying an additional 24,029 shares during the last quarter. 8.41% of the stock is owned by institutional investors.
Unilever PLC (NYSE UL) traded up 0.09% on Friday, reaching $56.74. 1,044,637 shares of the company’s stock were exchanged. Unilever PLC has a 12 month low of $38.58 and a 12 month high of $57.65. The firm has a 50 day moving average of $55.75 and a 200 day moving average of $51.23. The stock has a market capitalization of $159.58 billion, a PE ratio of 23.67 and a beta of 0.88.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Friday, August 4th will be given a dividend of $0.409 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.88%. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.38.
A number of equities research analysts recently weighed in on UL shares. Zacks Investment Research lowered shares of Unilever PLC from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. UBS AG reaffirmed a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. Finally, Royal Bank Of Canada lowered shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target 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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