Canal Capital Management LLC decreased its stake in shares of Unilever PLC (NYSE:UL) by 18.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,618 shares of the company’s stock after selling 1,028 shares during the period. Canal Capital Management LLC’s holdings in Unilever were worth $250,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of UL. Russell Investments Group Ltd. lifted its position in Unilever by 240.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,298,512 shares of the company’s stock worth $75,961,000 after buying an additional 917,592 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Unilever by 64.4% during the second quarter. Fisher Asset Management LLC now owns 2,299,696 shares of the company’s stock worth $134,532,000 after purchasing an additional 900,951 shares in the last quarter. BlackRock Inc. increased its position in shares of Unilever by 4.1% in the 2nd quarter. BlackRock Inc. now owns 21,694,456 shares of the company’s stock valued at $1,269,126,000 after buying an additional 844,916 shares in the last quarter. Advisors Capital Management LLC raised its stake in Unilever by 721.7% during the 2nd quarter. Advisors Capital Management LLC now owns 504,823 shares of the company’s stock worth $29,532,000 after buying an additional 443,390 shares during the period. Finally, Cullen Capital Management LLC lifted its holdings in Unilever by 11.9% during the second quarter. Cullen Capital Management LLC now owns 3,870,753 shares of the company’s stock worth $226,439,000 after acquiring an additional 410,135 shares in the last quarter. Institutional investors and hedge funds own 8.74% of the company’s stock.
UL stock opened at $52.10 on Friday. The business has a 50-day moving average of $53.19 and a 200-day moving average of $56.55. Unilever PLC has a fifty-two week low of $51.27 and a fifty-two week high of $61.81.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Friday, November 5th will be given a dividend of $0.4975 per share. The ex-dividend date of this dividend is Thursday, November 4th. This represents a $1.99 annualized dividend and a dividend yield of 3.82%.
A number of research firms have recently commented on UL. JPMorgan Chase & Co. lowered Unilever from a “neutral” rating to an “underweight” rating in a research report on Thursday, September 2nd. Deutsche Bank Aktiengesellschaft cut Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, September 16th. Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a research report on Tuesday, September 7th. Finally, Sanford C. Bernstein raised Unilever from an “underperform” rating to a “market perform” rating in a research report on Monday, November 1st. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Sell” and an average target price of $61.51.
Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty and Personal Care, Foods and Refreshment, and Home Care. The Beauty and Personal Care segment offers skin cleansing, hair care, skin care, and deodorants categories. The Foods and Refreshment segment sells ice cream, savory, dressings, and tea.
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