FDx Advisors Inc. Grows Position in Unilever PLC (UL)
FDx Advisors Inc. increased its holdings in shares of Unilever PLC (NYSE:UL) by 33.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,570 shares of the company’s stock after acquiring an additional 8,745 shares during the quarter. FDx Advisors Inc.’s holdings in Unilever PLC were worth $2,004,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mercer Capital Advisers Inc. increased its stake in shares of Unilever PLC by 2.6% in the second quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock valued at $106,000 after purchasing an additional 50 shares during the period. Hanson & Doremus Investment Management increased its stake in shares of Unilever PLC by 7.2% in the second quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock valued at $121,000 after purchasing an additional 150 shares during the period. Advisors Preferred LLC acquired a new stake in shares of Unilever PLC in the third quarter valued at approximately $122,000. YorkBridge Wealth Partners LLC increased its stake in shares of Unilever PLC by 22.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock valued at $182,000 after purchasing an additional 613 shares during the period. Finally, Segment Wealth Management LLC acquired a new stake in shares of Unilever PLC in the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 7.25% of the company’s stock.
Several brokerages have commented on UL. Zacks Investment Research lowered shares of Unilever PLC from a “buy” rating to a “sell” rating in a research note on Saturday, October 14th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever PLC in a research note on Thursday, September 7th. Morgan Stanley restated a “neutral” rating on shares of Unilever PLC in a research note on Wednesday, October 11th. Finally, Royal Bank Of Canada lowered shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.50.
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Unilever PLC (NYSE:UL) traded down $0.07 during midday trading on Monday, hitting $56.06. 868,400 shares of the company were exchanged, compared to its average volume of 1,714,298. Unilever PLC has a fifty-two week low of $38.58 and a fifty-two week high of $60.13.
The business also recently disclosed 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 represents a $1.69 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Thursday, November 2nd. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.41.
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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