Wells Fargo & Company MN reduced its stake in Unilever PLC (NYSE:UL) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,836,759 shares of the company’s stock after selling 146,223 shares during the quarter. Wells Fargo & Company MN owned 0.07% of Unilever PLC worth $99,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Sunbelt Securities Inc. lifted its position in Unilever PLC by 0.7% in the 1st quarter. Sunbelt Securities Inc. now owns 6,501 shares of the company’s stock valued at $321,000 after acquiring an additional 44 shares in the last quarter. Mercer Capital Advisers Inc. lifted its position in Unilever PLC by 2.6% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock valued at $106,000 after acquiring an additional 50 shares in the last quarter. First National Trust Co. lifted its position in Unilever PLC by 1.9% in the 2nd quarter. First National Trust Co. now owns 4,585 shares of the company’s stock valued at $248,000 after acquiring an additional 87 shares in the last quarter. BTIM Corp. lifted its position in Unilever PLC by 1.8% in the 2nd quarter. BTIM Corp. now owns 7,063 shares of the company’s stock valued at $382,000 after acquiring an additional 126 shares in the last quarter. Finally, HL Financial Services LLC lifted its position in Unilever PLC by 0.6% in the 1st quarter. HL Financial Services LLC now owns 22,811 shares of the company’s stock valued at $1,126,000 after acquiring an additional 132 shares in the last quarter. 7.28% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Wells Fargo & Company MN Cuts Position in Unilever PLC (UL)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/09/13/wells-fargo-company-mn-cuts-position-in-unilever-plc-ul.html.

Shares of Unilever PLC (NYSE UL) opened at 58.77 on Wednesday. The firm’s 50-day moving average is $57.57 and its 200 day moving average is $53.60. The company has a market capitalization of $165.29 billion, a PE ratio of 24.72 and a beta of 0.88. Unilever PLC has a 12 month low of $38.58 and a 12 month high of $59.68.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th were issued a dividend of $0.409 per share. This is a boost from Unilever PLC’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Wednesday, August 2nd.

Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Unilever PLC from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. UBS AG reissued a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever PLC in a research report on Thursday, September 7th. Finally, Royal Bank Of Canada cut shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $46.00.

Unilever PLC 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.

Institutional Ownership by Quarter for Unilever PLC (NYSE:UL)

Receive News & Stock Ratings for Unilever PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever PLC and related stocks with our FREE daily email newsletter.