Commonwealth Equity Services Inc decreased its holdings in shares of Unilever PLC (NYSE:UL) by 8.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,283 shares of the company’s stock after selling 8,749 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Unilever were worth $5,406,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in Unilever by 47.6% during the 2nd 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 in the last quarter. Teachers Advisors LLC grew its holdings in Unilever by 48,716.1% during the 1st quarter. Teachers Advisors LLC now owns 199,658 shares of the company’s stock worth $9,851,000 after acquiring an additional 199,249 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Unilever during the second quarter valued at about $10,548,000. Segantii Capital Management Ltd purchased a new stake in shares of Unilever during the second quarter valued at about $8,949,000. Finally, FMR LLC lifted its position in shares of Unilever by 988.1% during the first quarter. FMR LLC now owns 175,445 shares of the company’s stock valued at $8,657,000 after buying an additional 159,321 shares during the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.
Several brokerages recently commented on UL. Zacks Investment Research lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Royal Bank Of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. Argus started coverage on shares of Unilever in a research note on Friday, November 17th. They set a “hold” rating on the stock. Morgan Stanley reaffirmed a “neutral” rating on shares of Unilever in a research note on Wednesday, October 11th. Finally, J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Unilever presently has a consensus rating of “Hold” and an average price target of $46.50.
Unilever PLC (NYSE UL) traded up $0.14 during midday trading on Monday, hitting $56.00. The stock had a trading volume of 1,259,341 shares, compared to its average volume of 1,670,957. Unilever PLC has a fifty-two week low of $39.08 and a fifty-two week high of $60.13.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 3rd will be issued a $0.4217 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 3.01%. The ex-dividend date is Thursday, November 2nd. Unilever’s payout ratio is 68.05%.
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Unilever Company 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.
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