Unilever plc (UL) Shares Bought by Grandfield & Dodd LLC
Grandfield & Dodd LLC raised its stake in Unilever plc (NYSE:UL) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 142,220 shares of the company’s stock after buying an additional 1,200 shares during the period. Grandfield & Dodd LLC’s holdings in Unilever plc were worth $6,814,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. OLD Mission Capital LLC purchased a new stake in shares of Unilever plc during the first quarter valued at $13,968,000. Bank of Montreal Can purchased a new stake in shares of Unilever plc during the second quarter valued at $13,871,000. Renaissance Technologies LLC increased its stake in shares of Unilever plc by 122.3% in the first quarter. Renaissance Technologies LLC now owns 418,240 shares of the company’s stock valued at $18,896,000 after buying an additional 230,100 shares during the last quarter. Aviance Capital Management LLC increased its stake in shares of Unilever plc by 36.5% in the second quarter. Aviance Capital Management LLC now owns 381,408 shares of the company’s stock valued at $18,273,000 after buying an additional 101,951 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its stake in shares of Unilever plc by 40.8% in the first quarter. First Republic Investment Management Inc. now owns 299,500 shares of the company’s stock valued at $13,532,000 after buying an additional 86,719 shares during the last quarter.
Shares of Unilever plc (NYSE:UL) traded up 0.38% during trading on Tuesday, reaching $47.75. 2,029,426 shares of the company’s stock were exchanged. Unilever plc has a 52 week low of $39.86 and a 52 week high of $48.97. The firm has a market capitalization of $135.55 billion, a PE ratio of 24.61 and a beta of 0.70. The company’s 50-day moving average price is $47.00 and its 200 day moving average price is $46.21.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Friday, August 5th were issued a dividend of $0.348 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.92%. This is a boost from Unilever plc’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, August 3rd.
Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Unilever plc in a report on Wednesday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Unilever plc in a report on Thursday, August 25th. Zacks Investment Research downgraded shares of Unilever plc from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Royal Bank Of Canada downgraded shares of Unilever plc from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. Finally, RBC Capital Markets reiterated a “sector perform” rating on shares of Unilever plc in a research note on Sunday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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