CORDA Investment Management LLC. cut its holdings in Unilever PLC (NYSE:UL - Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 828,874 shares of the company's stock after selling 30,126 shares during the period. Unilever comprises approximately 4.2% of CORDA Investment Management LLC.'s portfolio, making the stock its biggest holding. CORDA Investment Management LLC.'s holdings in Unilever were worth $53,844,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Quent Capital LLC bought a new position in Unilever during the first quarter valued at $28,000. ST Germain D J Co. Inc. grew its holdings in Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock valued at $29,000 after purchasing an additional 428 shares during the period. Abich Financial Wealth Management LLC grew its holdings in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock valued at $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. bought a new position in Unilever during the second quarter valued at $30,000. Finally, Webster Bank N. A. grew its holdings in Unilever by 54.3% during the second quarter. Webster Bank N. A. now owns 617 shares of the company's stock valued at $34,000 after purchasing an additional 217 shares during the period. 9.67% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. Bank of America upgraded Unilever from an "underperform" rating to a "buy" rating and increased their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. UBS Group upgraded Unilever to a "strong sell" rating in a research report on Tuesday, July 30th. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Friday, October 4th. Finally, TD Cowen started coverage on Unilever in a research report on Tuesday, July 23rd. They set a "buy" rating and a $67.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $61.75.
Read Our Latest Analysis on Unilever
Unilever Trading Down 0.0 %
Unilever stock traded down $0.01 during trading hours on Monday, hitting $61.31. 1,410,950 shares of the stock traded hands, compared to its average volume of 2,602,411. The firm's 50-day moving average price is $63.76 and its two-hundred day moving average price is $58.80. The company has a market cap of $152.63 billion, a PE ratio of 18.14, a PEG ratio of 1.83 and a beta of 0.49. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.
Unilever Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.10%. This is a positive change from Unilever's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th. Unilever's dividend payout ratio (DPR) is presently 55.75%.
Unilever Company Profile
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Free Report)
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.
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