First Trust Advisors LP reduced its holdings in shares of Unilever PLC (NYSE:UL) by 4.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 348,254 shares of the company’s stock after selling 16,494 shares during the period. First Trust Advisors LP’s holdings in Unilever PLC were worth $20,185,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of UL. Mercer Capital Advisers Inc. increased its holdings in Unilever PLC by 2.6% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock worth $106,000 after purchasing an additional 50 shares during the period. Hanson & Doremus Investment Management increased its holdings in Unilever PLC by 7.2% during the 2nd quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock worth $121,000 after purchasing an additional 150 shares during the period. YorkBridge Wealth Partners LLC increased its holdings in Unilever PLC by 22.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after purchasing an additional 613 shares during the period. NEXT Financial Group Inc increased its holdings in Unilever PLC by 7.6% during the 2nd quarter. NEXT Financial Group Inc now owns 3,616 shares of the company’s stock worth $196,000 after purchasing an additional 256 shares during the period. Finally, Northstar Group Inc. purchased a new position in Unilever PLC during the 2nd quarter worth $211,000. 7.25% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on UL shares. UBS AG restated a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. Zacks Investment Research downgraded Unilever PLC from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada downgraded Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever PLC in a report on Thursday, September 7th. Finally, Morgan Stanley reiterated a “neutral” rating on shares of Unilever PLC in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.50.
Unilever PLC (NYSE:UL) opened at $55.86 on Tuesday. Unilever PLC has a fifty-two week low of $38.58 and a fifty-two week high of $60.13.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 3rd will be paid a dividend of $0.4217 per share. This represents a $1.69 annualized dividend and a yield of 3.02%. This is an increase from Unilever PLC’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, November 2nd.
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About Unilever PLC
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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