Unilever PLC (UL) Position Lessened by Fort Washington Investment Advisors Inc. OH
Fort Washington Investment Advisors Inc. OH reduced its position in shares of Unilever PLC (NYSE:UL) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,007 shares of the company’s stock after selling 478 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Unilever PLC were worth $4,601,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mercer Capital Advisers Inc. boosted its holdings in shares of 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 buying an additional 50 shares during the period. Hanson & Doremus Investment Management boosted its holdings in shares of 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 buying an additional 150 shares during the period. NEXT Financial Group Inc boosted its holdings in shares of 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 buying an additional 256 shares during the period. Azimuth Capital Management LLC bought a new stake in shares of Unilever PLC during the 1st quarter worth $202,000. Finally, Northstar Group Inc. bought a new stake in shares of Unilever PLC during the 2nd quarter worth $211,000. 7.28% of the stock is owned by institutional investors and hedge funds.
Shares of Unilever PLC (UL) traded up 0.02% during mid-day trading on Thursday, reaching $58.60. 157,848 shares of the company’s stock were exchanged. Unilever PLC has a 52-week low of $38.58 and a 52-week high of $59.68. The stock has a market cap of $164.81 billion, a price-to-earnings ratio of 24.65 and a beta of 0.88. The stock’s 50-day moving average is $57.63 and its 200-day moving average is $53.68.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th were given a dividend of $0.409 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.79%. This is a boost from Unilever PLC’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, August 2nd.
Several analysts recently issued reports on UL shares. Zacks Investment Research raised shares of Unilever PLC from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Saturday, June 24th. UBS AG reaffirmed a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever PLC in a report on Thursday, September 7th. Finally, Royal Bank Of Canada downgraded shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $46.00.
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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