Cambridge Trust Co. Reduces Holdings in Unilever PLC (UL)
Cambridge Trust Co. reduced its position in Unilever PLC (NYSE:UL) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,105 shares of the company’s stock after selling 3,189 shares during the period. Cambridge Trust Co.’s holdings in Unilever PLC were worth $3,658,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Mawer Investment Management Ltd. increased its position in Unilever PLC by 2.1% in the 2nd quarter. Mawer Investment Management Ltd. now owns 3,910,364 shares of the company’s stock worth $211,629,000 after purchasing an additional 79,598 shares during the last quarter. Harding Loevner LP increased its position in Unilever PLC by 6.1% in the 2nd quarter. Harding Loevner LP now owns 2,610,078 shares of the company’s stock worth $141,258,000 after purchasing an additional 150,970 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Unilever PLC by 47.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock worth $99,434,000 after purchasing an additional 592,653 shares during the last quarter. Northern Trust Corp increased its position in Unilever PLC by 0.3% in the 2nd quarter. Northern Trust Corp now owns 1,419,696 shares of the company’s stock worth $76,834,000 after purchasing an additional 4,250 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Unilever PLC by 12.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 862,564 shares of the company’s stock worth $46,682,000 after purchasing an additional 97,011 shares during the last quarter. 7.35% of the stock is currently owned by institutional investors.
Shares of Unilever PLC (NYSE UL) traded down $0.06 during trading hours on Tuesday, reaching $55.78. The company had a trading volume of 757,818 shares, compared to its average volume of 1,470,000. Unilever PLC has a 1 year low of $38.58 and a 1 year 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 is an increase from Unilever PLC’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.69 annualized dividend and a yield of 3.02%. Unilever PLC’s dividend payout ratio is presently 69.49%.
UL has been the topic of several research reports. UBS AG reaffirmed a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. Zacks Investment Research lowered Unilever PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada lowered Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever PLC in a report on Thursday, September 7th. Finally, Morgan Stanley reissued 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 given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.50.
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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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