Bank of New York Mellon Corp decreased its position in shares of Unilever plc (NYSE:UL) by 11.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 384,449 shares of the company’s stock after selling 50,640 shares during the quarter. Bank of New York Mellon Corp’s holdings in Unilever were worth $22,282,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Coastline Trust Co lifted its stake in shares of Unilever by 1.2% during the 2nd quarter. Coastline Trust Co now owns 4,375 shares of the company’s stock valued at $236,000 after buying an additional 50 shares in the last quarter. Strategic Global Advisors LLC increased its holdings in Unilever by 0.6% in the 2nd quarter. Strategic Global Advisors LLC now owns 10,395 shares of the company’s stock valued at $563,000 after acquiring an additional 64 shares during the last quarter. First National Trust Co. increased its holdings in Unilever by 1.9% in the 2nd quarter. First National Trust Co. now owns 4,585 shares of the company’s stock valued at $248,000 after acquiring an additional 87 shares during the last quarter. Bruderman Asset Management LLC increased its holdings in Unilever by 0.6% in the 2nd quarter. Bruderman Asset Management LLC now owns 17,723 shares of the company’s stock valued at $959,000 after acquiring an additional 113 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in Unilever by 1.2% in the 2nd quarter. Toronto Dominion Bank now owns 11,890 shares of the company’s stock valued at $644,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.
Shares of Unilever plc (NYSE UL) traded down $0.90 during midday trading on Friday, reaching $55.46. 904,300 shares of the company’s stock were exchanged, compared to its average volume of 1,664,447. Unilever plc has a one year low of $39.48 and a one year high of $60.13.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Friday, November 3rd were issued a $0.4217 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Thursday, November 2nd.
A number of analysts have issued reports on UL shares. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of Unilever 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. Morgan Stanley reiterated a “neutral” rating on shares of Unilever in a report on Wednesday, October 11th. Finally, Argus started coverage on shares of Unilever in a report on Friday, November 17th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.50.
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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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