Wells Fargo & Company MN cut its holdings in Unilever plc (NYSE:UL) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,748,173 shares of the company’s stock after selling 119,937 shares during the quarter. Wells Fargo & Company MN’s holdings in Unilever were worth $97,128,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Rockefeller Financial Services Inc. lifted its stake in Unilever by 2.2% in the fourth quarter. Rockefeller Financial Services Inc. now owns 242,982 shares of the company’s stock valued at $13,447,000 after buying an additional 5,243 shares during the period. California Public Employees Retirement System acquired a new position in Unilever in the fourth quarter valued at approximately $79,468,000. Destination Wealth Management raised its position in shares of Unilever by 6.6% during the fourth quarter. Destination Wealth Management now owns 93,048 shares of the company’s stock worth $5,149,000 after purchasing an additional 5,732 shares during the period. Lourd Capital LLC acquired a new position in shares of Unilever during the fourth quarter worth approximately $223,000. Finally, Cambridge Trust Co. raised its position in shares of Unilever by 102.7% during the fourth quarter. Cambridge Trust Co. now owns 127,905 shares of the company’s stock worth $7,078,000 after purchasing an additional 64,800 shares during the period. 7.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Unilever opened at $55.98 on Thursday, MarketBeat Ratings reports. Unilever plc has a twelve month low of $50.74 and a twelve month high of $60.13. The company has a market cap of $69.18 billion, a PE ratio of 22.13, a PEG ratio of 3.06 and a beta of 0.81.
The company also recently announced a special dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Friday, May 4th will be given a dividend of $0.4789 per share. This represents a dividend yield of 3.3%. This is a positive change from Unilever’s previous special dividend of $0.39. The ex-dividend date is Thursday, May 3rd. Unilever’s dividend payout ratio is presently 75.10%.
A number of equities analysts have recently weighed in on UL shares. Zacks Investment Research raised Unilever from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $63.00.
Unilever PLC operates in the fast-moving consumer goods industry worldwide. It operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skin care and hair care products, deodorants, and oral care products. The Home Care segment provides home care products, including powders, liquids and capsules, soap bars, and various cleaning products.
Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever plc (NYSE:UL).
Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.