Park Place Capital Corp Has $389,000 Stock Position in Unilever PLC (NYSE:UL)

Park Place Capital Corp cut its stake in Unilever PLC (NYSE:UL) by 28.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,759 shares of the company’s stock after selling 3,113 shares during the period. Park Place Capital Corp’s holdings in Unilever were worth $389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in Unilever by 3.3% during the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after purchasing an additional 1,114,417 shares during the period. Fisher Asset Management LLC grew its position in Unilever by 9.8% in the fourth quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock valued at $525,716,000 after acquiring an additional 965,173 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in Unilever by 5.3% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 6,548,241 shares of the company’s stock worth $317,459,000 after acquiring an additional 329,705 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Unilever by 1.8% in the 3rd quarter. Royal Bank of Canada now owns 3,819,083 shares of the company’s stock valued at $188,664,000 after purchasing an additional 67,190 shares in the last quarter. Finally, Manning & Napier Group LLC grew its holdings in shares of Unilever by 1.4% in the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock worth $161,582,000 after purchasing an additional 47,256 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UL shares. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Argus lifted their target price on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Unilever currently has a consensus rating of “Hold” and a consensus target price of $54.00.

Unilever Stock Performance

UL stock opened at $54.70 on Tuesday. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $56.47. The business has a 50 day moving average price of $54.04 and a two-hundred day moving average price of $50.69.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a dividend of $0.4556 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a yield of 3.33%.

About Unilever

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.