Deutsche Bank AG reduced its holdings in Unilever plc (NYSE:UL) by 45.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 852,929 shares of the company’s stock after selling 718,341 shares during the quarter. Deutsche Bank AG owned about 0.07% of Unilever worth $47,198,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new stake in Unilever during the third quarter valued at approximately $135,000. Calton & Associates Inc. bought a new position in shares of Unilever in the fourth quarter valued at approximately $134,000. Duncker Streett & Co. Inc. bought a new position in shares of Unilever in the fourth quarter valued at approximately $152,000. Global Trust Asset Management LLC bought a new position in shares of Unilever in the fourth quarter valued at approximately $174,000. Finally, PenderFund Capital Management Ltd. bought a new position in shares of Unilever in the fourth quarter valued at approximately $191,000. 6.67% of the stock is currently owned by institutional investors.
Shares of NYSE UL traded down $0.07 during mid-day trading on Friday, reaching $56.39. 975,258 shares of the company’s stock were exchanged, compared to its average volume of 1,103,402. Unilever plc has a 52-week low of $49.74 and a 52-week high of $60.13. The stock has a market cap of $69,545.56, a PE ratio of 22.29, a P/E/G ratio of 2.50 and a beta of 0.81.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Friday, February 16th were paid a $0.4452 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Thursday, February 15th. This is a boost from Unilever’s previous quarterly dividend of $0.42. Unilever’s dividend payout ratio (DPR) is presently 69.57%.
Several research analysts have commented on UL shares. Zacks Investment Research raised shares of 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 reissued a “neutral” rating on shares of Unilever in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Unilever presently has a consensus rating of “Hold” and an average target price of $63.00.
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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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