Arjuna Capital Buys New Shares in Unilever PLC (NYSE:UL)

Arjuna Capital bought a new stake in Unilever PLC (NYSE:UL) during the second quarter, HoldingsChannel reports. The firm bought 3,471 shares of the company’s stock, valued at approximately $203,000.

Several other large investors also recently added to or reduced their stakes in the stock. Sageworth Trust Co acquired a new position in Unilever during the first quarter worth approximately $40,000. Cumberland Partners Ltd acquired a new position in Unilever during the second quarter worth approximately $46,000. First Eagle Investment Management LLC increased its position in Unilever by 143.3% during the first quarter. First Eagle Investment Management LLC now owns 815 shares of the company’s stock worth $46,000 after buying an additional 480 shares during the last quarter. Glassman Wealth Services increased its position in Unilever by 50.9% during the second quarter. Glassman Wealth Services now owns 964 shares of the company’s stock worth $56,000 after buying an additional 325 shares during the last quarter. Finally, Pflug Koory LLC acquired a new position in Unilever during the second quarter worth approximately $65,000. 8.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of UL stock traded up $0.52 during trading on Thursday, hitting $55.12. The company had a trading volume of 38,758 shares, compared to its average volume of 1,901,579. The firm has a market capitalization of $144.92 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 4.96 and a beta of 0.47. The stock’s 50-day moving average price is $56.37 and its 200 day moving average price is $57.69. Unilever PLC has a one year low of $51.98 and a one year high of $63.89.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 8th. Investors of record on Friday, August 6th were paid a $0.5031 dividend. This represents a $2.01 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, August 5th. Unilever’s dividend payout ratio (DPR) is currently 70.32%.

UL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut Unilever from a “neutral” rating to an “underweight” rating in a report on Thursday, September 2nd. Deutsche Bank Aktiengesellschaft cut Unilever from a “buy” rating to a “hold” rating in a report on Thursday, September 16th. Finally, Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a report on Tuesday, September 7th. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell” and an average target price of $61.51.

Unilever 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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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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