Private Bank & Trust Co. reduced its position in shares of Unilever PLC (NYSE:UL) by 50.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,435 shares of the company’s stock after selling 8,602 shares during the period. Private Bank & Trust Co.’s holdings in Unilever PLC were worth $456,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in UL. Dimensional Fund Advisors LP increased its position in Unilever PLC by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 755,206 shares of the company’s stock valued at $30,737,000 after buying an additional 13,385 shares during the period. RMB Capital Management LLC increased its position in Unilever PLC by 136.9% in the fourth quarter. RMB Capital Management LLC now owns 38,565 shares of the company’s stock valued at $1,570,000 after buying an additional 22,284 shares during the period. Perigon Wealth Management LLC acquired a new position in Unilever PLC during the fourth quarter valued at approximately $130,000. Beacon Financial Group increased its position in Unilever PLC by 17.7% in the first quarter. Beacon Financial Group now owns 45,344 shares of the company’s stock valued at $2,250,000 after buying an additional 6,820 shares during the period. Finally, Triangle Securities Wealth Management increased its position in Unilever PLC by 2.6% in the first quarter. Triangle Securities Wealth Management now owns 19,642 shares of the company’s stock valued at $969,000 after buying an additional 500 shares during the period. 8.32% of the stock is currently owned by institutional investors and hedge funds.
Unilever PLC (NYSE UL) traded up 0.25% during midday trading on Friday, hitting $57.19. 584,024 shares of the stock traded hands. The stock has a market cap of $160.85 billion, a PE ratio of 23.96 and a beta of 0.88. Unilever PLC has a 12 month low of $38.58 and a 12 month high of $57.73. The company has a 50-day moving average of $56.15 and a 200-day moving average of $51.79.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.409 per share. This is a boost from Unilever PLC’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, August 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.86%.
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Several research firms recently weighed in on UL. UBS AG reiterated a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. Zacks Investment Research upgraded shares of 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, June 24th. Finally, Royal Bank Of Canada cut shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Unilever PLC currently has a consensus rating of “Hold” and a consensus target price of $43.50.
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.
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