Boston Private Wealth LLC Reduces Position in Unilever PLC (UL)
Boston Private Wealth LLC reduced its stake in Unilever PLC (NYSE:UL) by 76.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,083 shares of the company’s stock after selling 145,604 shares during the period. Boston Private Wealth LLC’s holdings in Unilever PLC were worth $2,274,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the company. Mawer Investment Management Ltd. increased its stake in Unilever PLC by 31.4% in the first quarter. Mawer Investment Management Ltd. now owns 3,830,766 shares of the company’s stock valued at $189,010,000 after buying an additional 914,789 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Unilever PLC by 0.5% in the fourth quarter. Artisan Partners Limited Partnership now owns 3,660,383 shares of the company’s stock worth $148,978,000 after buying an additional 16,693 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Unilever PLC by 94.7% in the first quarter. Ameriprise Financial Inc. now owns 2,467,891 shares of the company’s stock worth $124,783,000 after buying an additional 1,200,280 shares during the period. Harding Loevner LP increased its stake in shares of Unilever PLC by 8.7% in the first quarter. Harding Loevner LP now owns 2,459,108 shares of the company’s stock worth $121,332,000 after buying an additional 197,199 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Unilever PLC by 86.4% in the third quarter. Jane Street Group LLC now owns 2,114,323 shares of the company’s stock worth $100,219,000 after buying an additional 980,295 shares during the period. 8.52% of the stock is owned by institutional investors.
Shares of Unilever PLC (NYSE UL) traded up 0.24% during trading on Wednesday, reaching $54.49. 690,234 shares of the company were exchanged. Unilever PLC has a one year low of $38.58 and a one year high of $56.48. The firm’s 50 day moving average price is $54.11 and its 200 day moving average price is $47.45. The company has a market capitalization of $154.73 billion, a PE ratio of 26.74 and a beta of 0.90.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 7th. Investors of record on Friday, May 5th were given a dividend of $0.383 per share. This represents a $1.53 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Wednesday, May 3rd. This is a boost from Unilever PLC’s previous quarterly dividend of $0.35.
A number of equities analysts have recently issued reports on the stock. Seaport Global Securities dropped their price objective on shares of Unilever PLC from $28.00 to $26.00 in a research note on Monday, April 3rd. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever PLC in a research report on Tuesday, March 28th. Bank of America Corporation upgraded shares of Unilever PLC from an “underperform” rating to a “neutral” rating in a research report on Monday, February 27th. Macquarie initiated coverage on shares of Unilever PLC in a research report on Friday, March 17th. They issued an “outperform” rating for the company. Finally, Liberum Capital restated a “hold” rating on shares of Unilever PLC in a research report on Monday, March 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $36.00.
About Unilever PLC
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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