Assetmark Inc. Buys 229,863 Shares of Unilever plc (UL)

Assetmark Inc. grew its stake in Unilever plc (NYSE:UL) by 25,856.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,752 shares of the company’s stock after buying an additional 229,863 shares during the quarter. Assetmark Inc.’s holdings in Unilever were worth $13,374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in UL. Mercer Capital Advisers Inc. raised its holdings in Unilever by 2.6% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock worth $106,000 after purchasing an additional 50 shares during the last quarter. Advisors Preferred LLC purchased a new position in Unilever during the 3rd quarter worth $122,000. Hanson & Doremus Investment Management boosted its holdings in Unilever by 7.2% during the 2nd quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock worth $121,000 after acquiring an additional 150 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in Unilever by 22.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after acquiring an additional 613 shares during the last quarter. Finally, Segment Wealth Management LLC purchased a new position in Unilever during the 3rd quarter worth $201,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

Shares of Unilever plc (UL) traded down $0.11 during trading on Thursday, hitting $55.96. The company’s stock had a trading volume of 2,058,019 shares, compared to its average volume of 1,679,422. Unilever plc has a fifty-two week low of $39.08 and a fifty-two week high of $60.13.

The business also recently declared 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 represents a $1.69 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, November 2nd. This is a boost from Unilever’s previous quarterly dividend of $0.41. Unilever’s dividend payout ratio (DPR) is currently 68.62%.

Several analysts have issued reports on UL shares. Zacks Investment Research lowered Unilever from a “buy” rating to a “sell” rating in a research note on Saturday, October 14th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever in a report on Thursday, September 7th. Morgan Stanley reiterated a “neutral” rating on shares of Unilever in a report on Wednesday, October 11th. Finally, Royal Bank Of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. 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. The company has a consensus rating of “Hold” and an average price target of $46.50.

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Unilever 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 (NYSE:UL)

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