Richard C. Young & CO. LTD. Purchases 2,236 Shares of Unilever PLC (UL)
Richard C. Young & CO. LTD. boosted its position in Unilever PLC (NYSE:UL) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,677 shares of the company’s stock after purchasing an additional 2,236 shares during the period. Unilever PLC accounts for about 2.5% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 12th biggest holding. Richard C. Young & CO. LTD.’s holdings in Unilever PLC were worth $12,592,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of UL. Fiduciary Management Inc. WI increased its holdings in Unilever PLC by 56.6% in the 1st quarter. Fiduciary Management Inc. WI now owns 10,615,523 shares of the company’s stock worth $523,770,000 after purchasing an additional 3,837,015 shares in the last quarter. Jane Street Group LLC increased its holdings in Unilever PLC by 459.2% in the 1st quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock worth $104,600,000 after purchasing an additional 1,740,864 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Unilever PLC by 94.7% in the 1st quarter. Ameriprise Financial Inc. now owns 2,467,891 shares of the company’s stock worth $124,783,000 after purchasing an additional 1,200,280 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings in Unilever PLC by 31.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,830,766 shares of the company’s stock worth $189,010,000 after purchasing an additional 914,789 shares in the last quarter. Finally, TIAA CREF Investment Management LLC acquired a new position in Unilever PLC in the 1st quarter worth about $18,447,000. 7.28% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on UL shares. Zacks Investment Research raised Unilever PLC from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Saturday, June 24th. UBS AG reissued a “neutral” rating on shares of Unilever PLC in a research note on Monday, July 17th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever PLC in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada cut Unilever PLC from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $46.00.
Shares of Unilever PLC (NYSE:UL) traded down 0.15% during midday trading on Thursday, hitting $58.50. The stock had a trading volume of 616,377 shares. Unilever PLC has a 1-year low of $38.58 and a 1-year high of $59.68. The stock has a market cap of $164.53 billion, a price-to-earnings ratio of 24.61 and a beta of 0.88. The firm’s 50-day moving average price is $57.63 and its 200-day moving average price is $53.68.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th were paid a $0.409 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Wednesday, August 2nd. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.38.
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Unilever PLC Company Profile
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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