Narwhal Capital Management raised its position in Unilever plc (NYSE:UL) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,535 shares of the company’s stock after acquiring an additional 1,800 shares during the quarter. Narwhal Capital Management’s holdings in Unilever were worth $4,623,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Harding Loevner LP grew its position in shares of Unilever by 5,115.5% during the third quarter. Harding Loevner LP now owns 136,128,531 shares of the company’s stock worth $24,696,000 after purchasing an additional 133,518,453 shares in the last quarter. LMR Partners LLP purchased a new position in Unilever during the 3rd quarter valued at approximately $40,438,000. 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 valued at $99,434,000 after buying an additional 592,653 shares in the last quarter. Assetmark Inc. grew its holdings in Unilever by 25,856.4% during the 3rd quarter. Assetmark Inc. now owns 230,752 shares of the company’s stock valued at $13,374,000 after buying an additional 229,863 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Unilever during the 3rd quarter valued at approximately $8,537,000. 7.12% of the stock is currently owned by institutional investors.
Shares of Unilever plc (NYSE UL) traded up $0.22 during trading hours on Wednesday, hitting $53.30. The stock had a trading volume of 1,213,156 shares, compared to its average volume of 1,781,273. Unilever plc has a twelve month low of $41.54 and a twelve month high of $60.13. The stock has a market cap of $157,050.00, a P/E ratio of 20.04, a PEG ratio of 2.36 and a beta of 0.86.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Friday, February 16th will be paid a dividend of $0.4452 per share. This represents a $1.78 annualized dividend and a yield of 3.34%. This is an increase from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, February 15th. Unilever’s payout ratio is 62.78%.
Several equities analysts have weighed in on UL shares. Argus assumed coverage on Unilever in a report on Friday, November 17th. They set a “hold” rating for the company. Zacks Investment Research raised Unilever from a “sell” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Thursday, October 19th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a research note on Monday, December 18th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Unilever has an average rating of “Hold” and a consensus price target of $44.50.
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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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