Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Unilever PLC (NYSE:UL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,253 shares of the company’s stock, valued at approximately $307,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Sageworth Trust Co acquired a new position in shares of Unilever during the 1st quarter worth about $40,000. First Eagle Investment Management LLC boosted its position in shares of Unilever by 143.3% in the 1st quarter. First Eagle Investment Management LLC now owns 815 shares of the company’s stock worth $46,000 after purchasing an additional 480 shares during the last quarter. Cumberland Partners Ltd bought a new stake in shares of Unilever in the second quarter valued at about $46,000. Glassman Wealth Services lifted its holdings in Unilever by 50.9% during the 2nd quarter. Glassman Wealth Services now owns 964 shares of the company’s stock valued at $56,000 after purchasing an additional 325 shares during the last quarter. Finally, Pflug Koory LLC acquired a new position in shares of Unilever in the 2nd quarter valued at approximately $65,000. 8.67% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on UL shares. JPMorgan Chase & Co. cut shares of Unilever from a “neutral” rating to an “underweight” rating in a research report on Thursday, September 2nd. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research note on Tuesday, September 7th.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Shareholders of record on Friday, August 6th were given a dividend of $0.5031 per share. This represents a $2.01 annualized dividend and a yield of 3.63%. The ex-dividend date was Thursday, August 5th. Unilever’s dividend payout ratio is presently 70.32%.
Unilever Company Profile
Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty and Personal Care, Foods and Refreshment, and Home Care. The Beauty and Personal Care segment offers skin cleansing, hair care, skin care, and deodorants categories. The Foods and Refreshment segment sells ice cream, savory, dressings, and tea.
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