D.A. Davidson & CO. boosted its stake in Unilever plc (NYSE:UL) by 4.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,817 shares of the company’s stock after buying an additional 3,103 shares during the quarter. D.A. Davidson & CO.’s holdings in Unilever were worth $3,974,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. Advisors Preferred LLC purchased a new position in shares of Unilever during the 3rd quarter worth $122,000. Calton & Associates Inc. purchased a new position in shares of Unilever during the 4th quarter worth $134,000. Fieldpoint Private Securities LLC purchased a new position in shares of Unilever during the 3rd quarter worth $135,000. Duncker Streett & Co. Inc. purchased a new position in shares of Unilever during the 4th quarter worth $152,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of Unilever during the 4th quarter worth $174,000. 6.82% of the stock is currently owned by hedge funds and other institutional investors.
UL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Unilever from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Argus initiated coverage on Unilever in a report on Friday, November 17th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Three equities 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 stock. The stock has an average rating of “Hold” and an average price target of $44.50.
Shares of Unilever plc (UL) opened at $52.76 on Friday. Unilever plc has a twelve month low of $46.85 and a twelve month high of $60.13.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, February 16th will be issued a dividend of $0.4452 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.38%. This is an increase from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, February 15th.
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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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