Unilever plc (UL) Shares Bought by Renaissance Group LLC
Renaissance Group LLC boosted its stake in Unilever plc (NYSE:UL) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 317,050 shares of the company’s stock after buying an additional 3,191 shares during the quarter. Renaissance Group LLC’s holdings in Unilever were worth $17,546,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Harding Loevner LP lifted its position in Unilever by 5,115.5% in the 3rd quarter. Harding Loevner LP now owns 136,128,531 shares of the company’s stock worth $24,696,000 after buying an additional 133,518,453 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in shares of Unilever by 2.5% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,009,541 shares of the company’s stock worth $232,393,000 after purchasing an additional 99,177 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Unilever by 1.4% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,686,581 shares of the company’s stock worth $155,714,000 after purchasing an additional 38,154 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Unilever by 2.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,409,797 shares of the company’s stock worth $140,549,000 after purchasing an additional 61,009 shares during the last quarter. Finally, California Public Employees Retirement System acquired a new position in shares of Unilever during the 4th quarter worth $79,468,000. Institutional investors own 7.04% of the company’s stock.
Several research analysts have recently commented on UL shares. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Wednesday, December 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a research note on Monday, December 18th. Finally, Argus started coverage on shares of Unilever in a research note on Friday, November 17th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $44.50.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, February 16th will be paid a dividend of $0.4452 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, February 15th. This represents a $1.78 annualized dividend and a dividend yield of 3.40%.
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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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