Granite Investment Advisors LLC cut its holdings in Unilever PLC (NYSE:UL) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 308,933 shares of the company’s stock after selling 11,257 shares during the period. Unilever PLC makes up approximately 3.3% of Granite Investment Advisors LLC’s portfolio, making the stock its 3rd biggest position. Granite Investment Advisors LLC’s holdings in Unilever PLC were worth $17,906,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Mercer Capital Advisers Inc. boosted its stake in Unilever PLC by 2.6% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock valued at $106,000 after purchasing an additional 50 shares during the last quarter. Hanson & Doremus Investment Management boosted its stake in shares of Unilever PLC by 7.2% in the 2nd 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. YorkBridge Wealth Partners LLC boosted its stake in shares of Unilever PLC by 22.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after buying an additional 613 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Unilever PLC by 7.6% in the 2nd 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. Finally, Segment Wealth Management LLC purchased a new position in shares of Unilever PLC in the 3rd quarter worth approximately $201,000. 7.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Unilever PLC (UL) opened at $55.81 on Wednesday. Unilever PLC has a 1 year low of $38.58 and a 1 year high of $60.13.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 3rd will be given a dividend of $0.4217 per share. This represents a $1.69 annualized dividend and a yield of 3.02%. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, November 2nd.
A number of brokerages have recently weighed in on UL. Zacks Investment Research upgraded Unilever PLC from a “sell” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Thursday, October 19th. Morgan Stanley reaffirmed a “neutral” rating on shares of Unilever PLC in a report on Wednesday, October 11th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever PLC in a 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 report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $46.50.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.