Scotia Capital Inc. Decreases Position in Unilever plc (UL)
Scotia Capital Inc. decreased its position in shares of Unilever plc (NYSE:UL) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 310,630 shares of the company’s stock after selling 9,353 shares during the quarter. Scotia Capital Inc.’s holdings in Unilever were worth $17,193,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in UL. Harding Loevner LP lifted its holdings in shares of Unilever by 5,115.5% during the third quarter. Harding Loevner LP now owns 136,128,531 shares of the company’s stock worth $24,696,000 after purchasing an additional 133,518,453 shares during the period. California Public Employees Retirement System purchased a new position in Unilever during the fourth quarter valued at approximately $79,468,000. LMR Partners LLP purchased a new position in Unilever during the third quarter valued at approximately $40,438,000. Assetmark Inc. raised its position in Unilever by 25,856.4% during the third quarter. Assetmark Inc. now owns 230,752 shares of the company’s stock valued at $13,374,000 after acquiring an additional 229,863 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Unilever by 17.8% during the third quarter. Parametric Portfolio Associates LLC now owns 794,743 shares of the company’s stock valued at $46,063,000 after acquiring an additional 120,258 shares in the last quarter. 6.75% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on UL shares. Argus started coverage on Unilever in a research report on Friday, November 17th. They set a “hold” rating for the company. Zacks Investment Research upgraded Unilever from a “sell” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Wednesday, December 13th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a research report on Tuesday, February 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $44.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, February 16th will be given a $0.4452 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Unilever’s previous quarterly dividend of $0.42. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.44%.
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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