Zevin Asset Management LLC Decreases Position in Unilever PLC (UL)
Zevin Asset Management LLC decreased its stake in shares of Unilever PLC (NYSE:UL) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 467,987 shares of the company’s stock after selling 20,018 shares during the period. Unilever PLC accounts for 6.4% of Zevin Asset Management LLC’s holdings, making the stock its largest position. Zevin Asset Management LLC’s holdings in Unilever PLC were worth $25,327,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Mercer Capital Advisers Inc. increased its stake in shares of Unilever PLC by 2.6% in the second quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock valued at $106,000 after buying an additional 50 shares during the period. Hanson & Doremus Investment Management increased its stake in Unilever PLC by 7.2% in the second quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock worth $121,000 after buying an additional 150 shares during the last quarter. NEXT Financial Group Inc increased its stake in Unilever PLC by 7.6% in the second quarter. NEXT Financial Group Inc now owns 3,616 shares of the company’s stock worth $196,000 after buying an additional 256 shares during the last quarter. Azimuth Capital Management LLC purchased a new stake in Unilever PLC during the first quarter worth about $202,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in Unilever PLC during the first quarter worth about $204,000. 7.27% of the stock is currently owned by institutional investors.
Shares of Unilever PLC (NYSE UL) opened at 57.8948 on Thursday. The firm has a 50-day moving average price of $56.64 and a 200-day moving average price of $52.39. Unilever PLC has a 1-year low of $38.58 and a 1-year high of $58.17. The company has a market cap of $162.83 billion, a P/E ratio of 24.3562 and a beta of 0.88.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th will be issued a $0.409 dividend. The ex-dividend date is Wednesday, August 2nd. This is an increase from Unilever PLC’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.84%.
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A number of research firms have issued reports on UL. Royal Bank Of Canada downgraded Unilever PLC from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded Unilever PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, UBS AG reaffirmed a “neutral” rating on shares of Unilever PLC in a research note on Monday, July 17th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target 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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