Private Capital Group LLC Boosts Holdings in Unilever N.V. (NYSE:UL)
Private Capital Group LLC lifted its position in shares of Unilever N.V. (NYSE:UL) by 15.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,398 shares of the company’s stock after purchasing an additional 443 shares during the quarter. Private Capital Group LLC’s holdings in Unilever were worth $172,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of UL. Norges Bank purchased a new stake in shares of Unilever during the 4th quarter worth about $93,240,000. Manning & Napier Group LLC raised its position in shares of Unilever by 35.8% in the 1st quarter. Manning & Napier Group LLC now owns 4,011,009 shares of the company’s stock valued at $202,836,000 after purchasing an additional 1,056,793 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Unilever by 25.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 4,627,591 shares of the company’s stock valued at $264,559,000 after purchasing an additional 938,691 shares in the last quarter. Raymond James & Associates raised its position in shares of Unilever by 56.3% in the 1st quarter. Raymond James & Associates now owns 2,051,288 shares of the company’s stock valued at $103,734,000 after purchasing an additional 738,635 shares in the last quarter. Finally, Credit Suisse AG raised its position in shares of Unilever by 1,178.7% in the 4th quarter. Credit Suisse AG now owns 284,545 shares of the company’s stock valued at $16,268,000 after purchasing an additional 262,293 shares in the last quarter. Institutional investors and hedge funds own 6.78% of the company’s stock.
A number of equities analysts have issued reports on UL shares. DZ Bank lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Cfra boosted their price target on Unilever from $11.00 to $45.00 and gave the company a “sell” rating in a report on Thursday, April 23rd. Zacks Investment Research upgraded Unilever from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a report on Friday. Finally, HSBC upgraded Unilever from a “reduce” rating to a “hold” rating in a report on Wednesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.00.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, May 15th will be paid a dividend of $0.4445 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.78 dividend on an annualized basis and a yield of 3.47%. Unilever’s payout ratio is currently 62.59%.
Unilever Company Profile
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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