Unilever PLC (UL) Shares Sold by Anchor Capital Advisors LLC
Anchor Capital Advisors LLC cut its holdings in shares of Unilever PLC (NYSE:UL) by 89.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,973 shares of the company’s stock after selling 92,426 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Unilever PLC were worth $636,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Mercer Capital Advisers Inc. increased its holdings in Unilever PLC by 2.6% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock worth $106,000 after acquiring an additional 50 shares during the last quarter. Advisors Preferred LLC purchased a new stake in Unilever PLC in the 3rd quarter worth about $122,000. Hanson & Doremus Investment Management increased its holdings in Unilever PLC by 7.2% in the 2nd quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock worth $121,000 after acquiring an additional 150 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Unilever PLC by 22.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after acquiring an additional 613 shares during the last quarter. Finally, Segment Wealth Management LLC purchased a new stake in Unilever PLC in the 3rd quarter worth about $201,000. 7.25% of the stock is owned by hedge funds and other institutional investors.
Unilever PLC (UL) traded down $0.28 on Wednesday, reaching $55.53. The company’s stock had a trading volume of 236,483 shares, compared to its average volume of 1,706,196. Unilever PLC has a one year low of $38.58 and a one year high of $60.13.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.4217 per share. This is an increase from Unilever PLC’s previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, November 2nd.
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A number of brokerages have recently issued reports on UL. Morgan Stanley reiterated a “neutral” rating on shares of Unilever PLC in a research report on Wednesday, October 11th. Zacks Investment Research cut Unilever PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. 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 Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $46.50.
Unilever PLC 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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