River Road Asset Management LLC reduced its stake in Unilever plc (NYSE:UL) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,136,949 shares of the company’s stock after selling 23,993 shares during the quarter. Unilever makes up approximately 1.2% of River Road Asset Management LLC’s investment portfolio, making the stock its 28th largest position. River Road Asset Management LLC owned about 0.09% of Unilever worth $62,919,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the business. Advisors Preferred LLC acquired a new position in shares of Unilever in the 3rd quarter valued at $122,000. Fieldpoint Private Securities LLC acquired a new position in Unilever during the 3rd quarter worth about $135,000. Calton & Associates Inc. acquired a new position in Unilever during the 4th quarter worth about $134,000. Duncker Streett & Co. Inc. acquired a new position in Unilever during the 4th quarter worth about $152,000. Finally, Global Trust Asset Management LLC acquired a new position in Unilever during the 4th quarter worth about $174,000. Institutional investors own 7.12% of the company’s stock.
Several equities analysts recently issued reports on UL shares. Argus started coverage on Unilever in a research note on Friday, November 17th. They set a “hold” rating on the stock. Zacks Investment Research raised Unilever from a “sell” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Thursday, October 19th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a research report on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $44.50.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Friday, February 16th will be paid a dividend of $0.4452 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, February 15th. This is an increase from Unilever’s previous quarterly dividend of $0.42.
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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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