Unilever plc (UL) Stake Increased by M&T Bank Corp
M&T Bank Corp lifted its holdings in Unilever plc (NYSE:UL) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 392,796 shares of the company’s stock after buying an additional 11,762 shares during the period. M&T Bank Corp’s holdings in Unilever were worth $21,738,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Advisors Preferred LLC acquired a new stake in shares of Unilever in the third quarter worth $122,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Unilever in the third quarter worth $135,000. Calton & Associates Inc. acquired a new stake in shares of Unilever in the fourth quarter worth $134,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Unilever in the fourth quarter worth $152,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Unilever in the fourth quarter worth $174,000. 7.04% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on UL. Zacks Investment Research cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a research report on Monday, December 18th. Finally, Argus began coverage on Unilever in a research report on Friday, November 17th. They set a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $44.50.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Friday, February 16th will be given a dividend of $0.4452 per share. This is a boost from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.78 dividend on an annualized basis and a yield of 3.40%.
Unilever 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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