Jane Street Group LLC trimmed its stake in shares of Unilever plc (NYSE:UL) by 75.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 360,665 shares of the company’s stock after selling 1,124,034 shares during the period. Jane Street Group LLC’s holdings in Unilever were worth $20,088,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC purchased a new position in shares of Unilever during the third quarter valued at approximately $135,000. Calton & Associates Inc. purchased a new position in shares of Unilever during the fourth quarter valued at approximately $134,000. Duncker Streett & Co. Inc. purchased a new position in shares of Unilever during the fourth quarter valued at approximately $152,000. Global Trust Asset Management LLC purchased a new stake in Unilever during the fourth quarter valued at approximately $174,000. Finally, PenderFund Capital Management Ltd. purchased a new stake in Unilever during the fourth quarter valued at approximately $191,000. 6.67% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on UL. JPMorgan Chase reaffirmed a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Zacks Investment Research cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Unilever has a consensus rating of “Hold” and a consensus target price of $63.00.
Shares of UL stock opened at $56.39 on Friday. Unilever plc has a 12 month low of $49.74 and a 12 month high of $60.13. The company has a market cap of $69,471.66, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Friday, February 16th were issued a dividend of $0.4452 per share. This is a boost from Unilever’s previous quarterly dividend of $0.42. This represents a $1.78 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, February 15th. Unilever’s dividend payout ratio is currently 69.57%.
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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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