Deutsche Bank AG trimmed its stake in shares of Unilever plc (NYSE:UL) by 45.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 852,929 shares of the company’s stock after selling 718,341 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of Unilever worth $47,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of UL. The Manufacturers Life Insurance Company lifted its stake in shares of Unilever by 15.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,359 shares of the company’s stock valued at $236,000 after purchasing an additional 594 shares during the period. Canada Pension Plan Investment Board raised its stake in Unilever by 750,000.0% during the third quarter. Canada Pension Plan Investment Board now owns 75,010 shares of the company’s stock valued at $4,348,000 after buying an additional 75,000 shares during the last quarter. Stevens Capital Management LP purchased a new position in Unilever during the third quarter valued at $749,000. Bessemer Group Inc. raised its stake in Unilever by 14.9% during the third quarter. Bessemer Group Inc. now owns 7,913 shares of the company’s stock valued at $458,000 after buying an additional 1,025 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in Unilever by 17.2% during the third quarter. Toronto Dominion Bank now owns 13,931 shares of the company’s stock valued at $809,000 after buying an additional 2,041 shares during the last quarter. Institutional investors and hedge funds own 6.67% of the company’s stock.
Shares of Unilever plc (NYSE UL) opened at $52.71 on Friday. Unilever plc has a fifty-two week low of $48.91 and a fifty-two week high of $60.13.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Friday, February 16th were issued a $0.4452 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.78 annualized dividend and a dividend yield of 3.38%. This is a positive change from Unilever’s previous quarterly dividend of $0.42.
UL has been the subject of a number of recent research reports. Zacks Investment Research upgraded Unilever from a “sell” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Wednesday, December 13th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a report on Tuesday, February 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target 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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