Arrowstreet Capital Limited Partnership Buys Shares of 84,961 Unilever plc (UL)
Arrowstreet Capital Limited Partnership bought a new position in Unilever plc (NYSE:UL) in the fourth quarter, HoldingsChannel reports. The firm bought 84,961 shares of the company’s stock, valued at approximately $4,702,000.
Other hedge funds also recently bought and sold shares of the company. Advisors Preferred LLC bought a new position in shares of Unilever in the third quarter worth about $122,000. Calton & Associates Inc. bought a new position in shares of Unilever in the fourth quarter worth about $134,000. Fieldpoint Private Securities LLC bought a new position in shares of Unilever in the third quarter worth about $135,000. Duncker Streett & Co. Inc. bought a new position in shares of Unilever in the fourth quarter worth about $152,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Unilever in the fourth quarter worth about $174,000. 6.82% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Zacks Investment Research cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, Argus assumed coverage on shares of Unilever in a report on Friday, November 17th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $44.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Friday, February 16th will be issued a $0.4452 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Thursday, February 15th. This is a positive change from Unilever’s previous quarterly dividend of $0.42. Unilever’s dividend payout ratio (DPR) is 73.64%.
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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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