Unilever PLC (NYSE:UL) is MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s 9th Largest Position

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Unilever PLC (NYSE:UL) by 25.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,215,003 shares of the company’s stock after purchasing an additional 247,004 shares during the quarter. Unilever comprises 2.2% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s investment portfolio, making the stock its 9th biggest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Unilever were worth $58,903,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its stake in Unilever by 33.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 10,742 shares of the company’s stock valued at $521,000 after buying an additional 2,666 shares during the last quarter. Manning & Napier Group LLC raised its stake in Unilever by 1.4% during the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after buying an additional 47,256 shares during the last quarter. Symphony Financial Ltd. Co. raised its stake in Unilever by 14.9% during the fourth quarter. Symphony Financial Ltd. Co. now owns 5,481 shares of the company’s stock valued at $264,000 after buying an additional 710 shares during the last quarter. Ritholtz Wealth Management raised its stake in Unilever by 11.0% during the fourth quarter. Ritholtz Wealth Management now owns 27,330 shares of the company’s stock valued at $1,325,000 after buying an additional 2,698 shares during the last quarter. Finally, FLC Capital Advisors raised its stake in Unilever by 14.6% during the fourth quarter. FLC Capital Advisors now owns 12,762 shares of the company’s stock valued at $619,000 after buying an additional 1,622 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Up 0.1 %

Shares of UL stock traded up $0.05 during mid-day trading on Friday, hitting $50.19. The company’s stock had a trading volume of 1,290,277 shares, compared to its average volume of 2,628,611. The business has a 50-day moving average price of $49.43 and a 200 day moving average price of $48.76. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $55.99.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were paid a $0.4582 dividend. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, February 22nd.

Analyst Upgrades and Downgrades

UL has been the subject of a number of recent research reports. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Sanford C. Bernstein upgraded Unilever from an “underperform” rating to a “market perform” rating in a research note on Monday, December 11th. Finally, Jefferies Financial Group cut Unilever from a “buy” rating to an “underperform” rating in a research note on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Unilever currently has a consensus rating of “Hold” and an average price target of $48.00.

Unilever Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.