Motco Decreases Position in Unilever PLC (UL)

Motco cut its holdings in shares of Unilever PLC (NYSE:UL) by 5.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,667 shares of the company’s stock after selling 3,617 shares during the period. Motco’s holdings in Unilever PLC were worth $3,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of UL. Mawer Investment Management Ltd. raised its position in shares of Unilever PLC by 2.1% in the second quarter. Mawer Investment Management Ltd. now owns 3,910,364 shares of the company’s stock worth $211,629,000 after acquiring an additional 79,598 shares during the period. Harding Loevner LP raised its position in shares of Unilever PLC by 6.1% in the second quarter. Harding Loevner LP now owns 2,610,078 shares of the company’s stock worth $141,258,000 after acquiring an additional 150,970 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Unilever PLC by 47.6% in the second quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock worth $99,434,000 after acquiring an additional 592,653 shares during the period. Northern Trust Corp raised its position in shares of Unilever PLC by 0.3% in the second quarter. Northern Trust Corp now owns 1,419,696 shares of the company’s stock worth $76,834,000 after acquiring an additional 4,250 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Unilever PLC by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 862,564 shares of the company’s stock worth $46,682,000 after acquiring an additional 97,011 shares during the period. Institutional investors own 7.25% of the company’s stock.

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Unilever PLC (UL) traded down $0.30 during mid-day trading on Thursday, hitting $55.51. 659,300 shares of the stock were exchanged, compared to its average volume of 1,701,459. Unilever PLC has a twelve month low of $38.58 and a twelve month high of $60.13.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.4217 per share. The ex-dividend date is Thursday, November 2nd. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.04%. This is a boost from Unilever PLC’s previous quarterly dividend of $0.41.

A number of brokerages have weighed in on UL. Zacks Investment Research upgraded shares of Unilever PLC from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Saturday, September 23rd. Morgan Stanley reiterated a “neutral” rating on shares of Unilever PLC in a research report on Wednesday, October 11th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever PLC in a research report on Thursday, September 7th. Finally, Royal Bank Of Canada downgraded shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Unilever PLC has an average rating of “Hold” and a consensus target price of $46.50.

Unilever PLC Profile

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.

Institutional Ownership by Quarter for Unilever PLC (NYSE:UL)

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