Hsbc Holdings PLC Has $67.45 Million Holdings in Unilever PLC (NYSE:UL)

Hsbc Holdings PLC reduced its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 27.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,225,413 shares of the company's stock after selling 469,543 shares during the quarter. Hsbc Holdings PLC's holdings in Unilever were worth $67,446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in Unilever during the fourth quarter worth $151,263,000. Fiera Capital Corp lifted its stake in Unilever by 1,866.0% during the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company's stock worth $117,451,000 after purchasing an additional 2,027,221 shares during the last quarter. Equity Investment Corp lifted its stake in Unilever by 107.1% during the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company's stock worth $146,091,000 after purchasing an additional 1,505,233 shares during the last quarter. Wellington Management Group LLP lifted its stake in Unilever by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company's stock valued at $1,672,275,000 after buying an additional 1,114,417 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Unilever by 9.6% during the fourth quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company's stock valued at $525,051,000 after acquiring an additional 951,446 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Price Performance

Shares of Unilever stock traded up $0.09 during trading on Friday, hitting $64.41. 1,216,932 shares of the company's stock traded hands, compared to its average volume of 2,761,621. The company has a market cap of $160.53 billion, a PE ratio of 18.78, a PEG ratio of 1.98 and a beta of 0.48. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.86. The firm's fifty day moving average price is $62.09 and its 200 day moving average price is $55.71.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were paid a $0.4773 dividend. The ex-dividend date of this dividend was Friday, August 9th. This is an increase from Unilever's previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a dividend yield of 2.96%. Unilever's payout ratio is currently 55.10%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UL shares. Redburn Atlantic upgraded shares of Unilever from a "neutral" rating to a "buy" rating in a research note on Friday, June 7th. JPMorgan Chase & Co. upgraded shares of Unilever from an "underweight" rating to an "overweight" rating in a research report on Thursday, May 23rd. TD Cowen started coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $67.00 price target on the stock. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a report on Saturday, August 3rd. Finally, UBS Group upgraded Unilever to a "strong sell" rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $61.75.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.