Kovitz Investment Group Partners LLC Invests $1.63 Million in Unilever PLC (UL)
Kovitz Investment Group Partners LLC acquired a new position in Unilever PLC (NYSE:UL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 30,050 shares of the company’s stock, valued at approximately $1,626,000.
A number of other hedge funds have also added to or reduced their stakes in the company. West Coast Financial LLC acquired a new stake in Unilever PLC during the first quarter worth $200,000. Bollard Group LLC raised its stake in Unilever PLC by 12.3% in the first quarter. Bollard Group LLC now owns 42,424 shares of the company’s stock worth $2,093,000 after buying an additional 4,641 shares during the period. Granite Investment Advisors LLC raised its stake in Unilever PLC by 9.8% in the first quarter. Granite Investment Advisors LLC now owns 345,489 shares of the company’s stock valued at $17,046,000 after buying an additional 30,732 shares during the last quarter. Hartford Financial Management Inc. raised its stake in Unilever PLC by 143.7% in the first quarter. Hartford Financial Management Inc. now owns 2,476 shares of the company’s stock valued at $122,000 after buying an additional 1,460 shares during the last quarter. Finally, Coastline Trust Co purchased a new stake in Unilever PLC during the first quarter valued at approximately $213,000. 8.32% of the stock is owned by institutional investors.
Unilever PLC (NYSE UL) traded up 0.25% during trading on Friday, hitting $57.19. 584,024 shares of the stock traded hands. Unilever PLC has a 12 month low of $38.58 and a 12 month high of $57.73. The company’s 50 day moving average price is $56.15 and its 200 day moving average price is $51.79. The company has a market cap of $160.85 billion, a P/E ratio of 23.96 and a beta of 0.88.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Friday, August 4th will be paid a dividend of $0.409 per share. This is a boost from Unilever PLC’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, August 2nd. This represents a $1.64 annualized dividend and a yield of 2.86%.
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Several analysts have commented on the stock. Royal Bank Of Canada lowered shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Unilever PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, UBS AG reissued a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Unilever PLC currently 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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