Narwhal Capital Management Reduces Stake in Unilever PLC (UL)
Narwhal Capital Management decreased its position in shares of Unilever PLC (NYSE:UL) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,635 shares of the company’s stock after selling 500 shares during the period. Unilever PLC accounts for approximately 1.3% of Narwhal Capital Management’s portfolio, making the stock its 18th largest position. Narwhal Capital Management’s holdings in Unilever PLC were worth $5,122,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. increased its position in Unilever PLC by 12.2% in the first quarter. Carroll Financial Associates Inc. now owns 2,374 shares of the company’s stock worth $117,000 after buying an additional 258 shares in the last quarter. Hartford Financial Management Inc. increased its position in Unilever PLC by 143.7% in the first quarter. Hartford Financial Management Inc. now owns 2,476 shares of the company’s stock worth $122,000 after buying an additional 1,460 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in Unilever PLC during the fourth quarter worth approximately $130,000. Azimuth Capital Management LLC acquired a new position in Unilever PLC during the first quarter worth approximately $202,000. Finally, Bbva Compass Bancshares Inc. acquired a new position in Unilever PLC during the first quarter worth approximately $204,000. 8.41% of the stock is owned by institutional investors and hedge funds.
Shares of Unilever PLC (NYSE UL) traded up 0.28% during trading on Friday, reaching $56.88. The company had a trading volume of 763,943 shares. Unilever PLC has a 52-week low of $38.58 and a 52-week high of $57.45. The company has a 50 day moving average of $55.16 and a 200-day moving average of $50.55. The firm has a market capitalization of $159.98 billion, a P/E ratio of 24.10 and a beta of 0.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be paid a $0.409 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from Unilever PLC’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, August 2nd.
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UL has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Unilever PLC from a “buy” rating to a “hold” rating in a report on Wednesday. UBS AG reissued a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.50.
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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