Segantii Capital Management Ltd Acquires Shares of 165,773 Unilever PLC (NYSE:UL)
Segantii Capital Management Ltd acquired a new position in Unilever PLC (NYSE:UL) during the second quarter, Holdings Channel reports. The firm acquired 165,773 shares of the company’s stock, valued at approximately $8,949,000. Unilever PLC makes up 2.2% of Segantii Capital Management Ltd’s investment portfolio, making the stock its 11th largest position.
A number of other institutional investors have 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 worth $523,770,000 after buying an additional 3,837,015 shares in the last quarter. 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 worth $104,600,000 after buying an additional 1,740,864 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 worth $124,783,000 after buying an additional 1,200,280 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 worth $189,010,000 after buying an additional 914,789 shares in the last quarter. Finally, TIAA CREF Investment Management LLC purchased a new position in Unilever PLC during the first quarter worth approximately $18,447,000. 8.41% of the stock is owned by hedge funds and other institutional investors.
Unilever PLC (NYSE UL) opened at 57.65 on Thursday. Unilever PLC has a 1-year low of $38.58 and a 1-year high of $57.65. The company has a 50-day moving average of $55.62 and a 200-day moving average of $51.08. The firm has a market cap of $162.14 billion, a price-to-earnings ratio of 24.05 and a beta of 0.88.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th will be paid a $0.409 dividend. This represents a $1.64 annualized dividend and a yield of 2.84%. The ex-dividend date is Wednesday, August 2nd. This is an increase from Unilever PLC’s previous quarterly dividend of $0.38.
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UL has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Unilever PLC from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Saturday, June 24th. UBS AG reaffirmed a “neutral” rating on shares of Unilever PLC in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target 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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