Pitcairn Co. Reduces Stake in Unilever plc (UL)
Pitcairn Co. reduced its position in Unilever plc (NYSE:UL) by 52.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,005 shares of the company’s stock after selling 14,160 shares during the period. Pitcairn Co.’s holdings in Unilever plc were worth $623,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position in Unilever plc by 1,414.4% in the first quarter. BlackRock Inc. now owns 15,947 shares of the company’s stock valued at $720,000 after buying an additional 14,894 shares during the period. Mckinley Capital Management LLC Delaware acquired a new position in Unilever plc during the first quarter valued at about $297,000. Wrapmanager Inc. boosted its position in Unilever plc by 9.0% in the first quarter. Wrapmanager Inc. now owns 27,932 shares of the company’s stock valued at $1,262,000 after buying an additional 2,298 shares during the period. Connable Office Inc. boosted its position in Unilever plc by 2.1% in the first quarter. Connable Office Inc. now owns 8,262 shares of the company’s stock valued at $373,000 after buying an additional 167 shares during the period. Finally, Allegis Investment Advisors LLC boosted its position in Unilever plc by 18.7% in the first quarter. Allegis Investment Advisors LLC now owns 20,891 shares of the company’s stock valued at $944,000 after buying an additional 3,294 shares during the period.
Shares of Unilever plc (NYSE:UL) traded up 2.40% during midday trading on Thursday, reaching $47.45. The company had a trading volume of 1,235,154 shares. The stock has a market capitalization of $134.70 billion, a price-to-earnings ratio of 24.45 and a beta of 0.70. Unilever plc has a 1-year low of $39.13 and a 1-year high of $48.97. The firm’s 50 day moving average price is $46.82 and its 200-day moving average price is $46.04.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th were paid a $0.348 dividend. This represents a $1.39 annualized dividend and a dividend yield of 2.93%. This is a positive change from Unilever plc’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, August 3rd.
Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued a “buy” rating on shares of Unilever plc in a research note on Thursday. Deutsche Bank AG reissued a “buy” rating on shares of Unilever plc in a research note on Thursday, August 25th. Sanford C. Bernstein assumed coverage on Unilever plc in a research note on Monday, August 22nd. They set an “outperform” rating on the stock. RBC Capital Markets reissued a “sector perform” rating on shares of Unilever plc in a research note on Sunday, July 24th. Finally, Royal Bank Of Canada cut Unilever plc from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $51.00.
Unilever plc Company Profile
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
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