Unilever PLC (UL) Stake Decreased by Veritable L.P.
Veritable L.P. reduced its position in Unilever PLC (NYSE:UL) by 24.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,815 shares of the company’s stock after selling 3,783 shares during the period. Veritable L.P.’s holdings in Unilever PLC were worth $639,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Fiduciary Management Inc. WI boosted its holdings in shares of Unilever PLC by 56.6% in the 1st quarter. Fiduciary Management Inc. WI now owns 10,615,523 shares of the company’s stock valued at $523,770,000 after buying an additional 3,837,015 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of Unilever PLC by 2.1% in the 2nd quarter. Mawer Investment Management Ltd. now owns 3,910,364 shares of the company’s stock valued at $211,629,000 after buying an additional 79,598 shares in the last quarter. Harding Loevner LP boosted its holdings in shares of Unilever PLC by 6.1% in the 2nd quarter. Harding Loevner LP now owns 2,610,078 shares of the company’s stock valued at $141,258,000 after buying an additional 150,970 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Unilever PLC by 459.2% in the 1st quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock valued at $104,600,000 after buying an additional 1,740,864 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Unilever PLC by 0.3% in the 2nd quarter. Northern Trust Corp now owns 1,419,696 shares of the company’s stock valued at $76,834,000 after buying an additional 4,250 shares in the last quarter. Institutional investors and hedge funds own 7.28% of the company’s stock.
Shares of Unilever PLC (NYSE UL) opened at 57.96 on Friday. The firm has a market capitalization of $163.01 billion, a PE ratio of 23.87 and a beta of 0.88. Unilever PLC has a 1-year low of $38.58 and a 1-year high of $59.68. The company has a 50-day moving average of $57.91 and a 200-day moving average of $54.10.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Friday, August 4th were paid a dividend of $0.409 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.82%. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 2nd.
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A number of research firms have recently weighed in on UL. Zacks Investment Research upgraded shares of Unilever PLC from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Saturday, September 9th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever PLC in a report on Thursday, September 7th. 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. Finally, UBS AG restated a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $45.50.
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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