Capital International Investors Sells 1,755,300 Shares of Unilever PLC (UL)
Capital International Investors cut its holdings in Unilever PLC (NYSE:UL) by 64.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 981,000 shares of the company’s stock after selling 1,755,300 shares during the period. Capital International Investors’ holdings in Unilever PLC were worth $53,092,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Mercer Capital Advisers Inc. grew its stake 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 buying an additional 50 shares during the last quarter. Hanson & Doremus Investment Management boosted its holdings in Unilever PLC by 7.2% during the second quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock valued at $121,000 after acquiring an additional 150 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in Unilever PLC by 22.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock valued at $182,000 after acquiring an additional 613 shares during the period. NEXT Financial Group Inc boosted its holdings in Unilever PLC by 7.6% during the second quarter. NEXT Financial Group Inc now owns 3,616 shares of the company’s stock valued at $196,000 after acquiring an additional 256 shares during the period. Finally, Northstar Group Inc. bought a new stake in Unilever PLC during the second quarter valued at about $211,000. Hedge funds and other institutional investors own 7.30% of the company’s stock.
Shares of Unilever PLC (NYSE UL) traded up 0.02% on Wednesday, hitting $57.77. The company had a trading volume of 327,479 shares. The firm has a 50-day moving average price of $58.10 and a 200 day moving average price of $54.74. The company has a market capitalization of $162.48 billion, a P/E ratio of 23.79 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 company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors 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 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Wednesday, August 2nd.
Several analysts recently weighed in on UL shares. Zacks Investment Research upgraded Unilever PLC from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Saturday, September 23rd. UBS AG reiterated a “neutral” rating on shares of Unilever PLC in a 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 Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Unilever PLC presently has an average rating of “Hold” and an average price target of $45.50.
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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