Unilever PLC (UL) is Granite Investment Advisors LLC’s 3rd Largest Position
Granite Investment Advisors LLC reduced its stake in shares of Unilever PLC (NYSE:UL) by 7.3% during the second quarter, Holdings Channel reports. The fund owned 320,190 shares of the company’s stock after selling 25,299 shares during the period. Unilever PLC comprises 3.3% of Granite Investment Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Granite Investment Advisors LLC’s holdings in Unilever PLC were worth $18,139,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Carroll Financial Associates Inc. raised its stake in Unilever PLC by 12.2% in the first quarter. Carroll Financial Associates Inc. now owns 2,374 shares of the company’s stock worth $117,000 after buying an additional 258 shares in the last quarter. Capstone Asset Management Co. raised its stake in Unilever PLC by 3.1% in the first quarter. Capstone Asset Management Co. now owns 128,637 shares of the company’s stock worth $6,347,000 after buying an additional 3,840 shares in the last quarter. Hall Laurie J Trustee raised its stake in Unilever PLC by 27.4% in the first quarter. Hall Laurie J Trustee now owns 13,060 shares of the company’s stock worth $641,000 after buying an additional 2,810 shares in the last quarter. Private Bank & Trust Co. raised its stake in Unilever PLC by 48.2% in the first quarter. Private Bank & Trust Co. now owns 17,037 shares of the company’s stock worth $841,000 after buying an additional 5,543 shares in the last quarter. Finally, Edmp Inc. purchased a new stake in Unilever PLC during the first quarter worth about $214,000. Hedge funds and other institutional investors own 8.41% of the company’s stock.
Shares of Unilever PLC (NYSE:UL) opened at 56.69 on Friday. The stock’s 50 day moving average is $55.68 and its 200-day moving average is $51.12. Unilever PLC has a 52-week low of $38.58 and a 52-week high of $57.65. The firm has a market cap of $159.44 billion, a P/E ratio of 23.65 and a beta of 0.88.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.409 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, August 2nd. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.38.
COPYRIGHT VIOLATION WARNING: This story was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/unilever-plc-ul-is-granite-investment-advisors-llcs-3rd-largest-position/1474547.html.
A number of analysts have recently issued reports on UL shares. Zacks Investment Research lowered shares of Unilever PLC from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. UBS AG reiterated 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’s stock. The company has a consensus rating of “Hold” and an average 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.
Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever PLC (NYSE:UL).
Receive News & Ratings for Unilever PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.