Columbia Asset Management Maintains Position in Unilever PLC (UL)
Columbia Asset Management held its stake in shares of Unilever PLC (NYSE:UL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,138 shares of the company’s stock at the end of the 2nd quarter. Columbia Asset Management’s holdings in Unilever PLC were worth $548,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in UL. Fiduciary Management Inc. WI increased its stake in Unilever PLC by 56.6% during the 1st quarter. Fiduciary Management Inc. WI now owns 10,615,523 shares of the company’s stock worth $523,770,000 after buying an additional 3,837,015 shares during the period. Jane Street Group LLC increased its stake in Unilever PLC by 459.2% during the 1st quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock worth $104,600,000 after buying an additional 1,740,864 shares during the period. Ameriprise Financial Inc. increased its stake in Unilever PLC by 94.7% during the 1st 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. Mawer Investment Management Ltd. increased its stake in Unilever PLC by 31.4% during the 1st quarter. Mawer Investment Management Ltd. now owns 3,830,766 shares of the company’s stock worth $189,010,000 after buying an additional 914,789 shares during the period. Finally, TIAA CREF Investment Management LLC purchased a new stake in Unilever PLC during the 1st quarter worth approximately $18,447,000. 7.27% of the stock is currently owned by hedge funds and other institutional investors.
Unilever PLC (UL) traded up 0.19% on Friday, reaching $59.32. 769,999 shares of the company’s stock traded hands. The firm has a market capitalization of $166.84 billion, a P/E ratio of 24.96 and a beta of 0.88. The stock has a 50-day moving average of $57.49 and a 200 day moving average of $53.40. Unilever PLC has a 52 week low of $38.58 and a 52 week high of $59.44.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Friday, August 4th were paid a $0.409 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Wednesday, August 2nd. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.38.
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Several research analysts have commented on UL shares. Zacks Investment Research upgraded shares of Unilever PLC from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Saturday. UBS AG reiterated a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever PLC in a report on Thursday. Finally, Royal Bank Of Canada cut shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $46.00.
Unilever PLC Company Profile
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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