Gabalex Capital Management LLC raised its stake in shares of Unilever PLC (NYSE:UL) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 200,000 shares of the company’s stock after buying an additional 11,893 shares during the period. Unilever comprises approximately 5.6% of Gabalex Capital Management LLC’s holdings, making the stock its 7th largest position. Gabalex Capital Management LLC’s holdings in Unilever were worth $11,166,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Ritholtz Wealth Management grew its position in shares of Unilever by 45.8% during the 1st quarter. Ritholtz Wealth Management now owns 9,531 shares of the company’s stock valued at $532,000 after acquiring an additional 2,993 shares during the period. Sei Investments Co. grew its position in shares of Unilever by 2.5% during the 1st quarter. Sei Investments Co. now owns 175,900 shares of the company’s stock valued at $10,571,000 after acquiring an additional 4,260 shares during the period. Brinker Capital Investments LLC grew its position in shares of Unilever by 269.5% during the 1st quarter. Brinker Capital Investments LLC now owns 93,971 shares of the company’s stock valued at $5,247,000 after acquiring an additional 68,541 shares during the period. River Road Asset Management LLC grew its position in shares of Unilever by 18.2% during the 1st quarter. River Road Asset Management LLC now owns 2,207,417 shares of the company’s stock valued at $123,240,000 after acquiring an additional 339,696 shares during the period. Finally, Transcend Wealth Collective LLC grew its position in shares of Unilever by 2.9% during the 1st quarter. Transcend Wealth Collective LLC now owns 7,499 shares of the company’s stock valued at $420,000 after acquiring an additional 211 shares during the period. 8.82% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the stock. Societe Generale reaffirmed a “sell” rating on shares of Unilever in a report on Wednesday, April 14th. Zacks Investment Research raised shares of Unilever from a “sell” rating to a “hold” rating in a report on Tuesday, April 13th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Unilever currently has a consensus rating of “Hold” and an average target price of $69.00.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Friday, May 21st will be issued a $0.5159 dividend. The ex-dividend date of this dividend is Thursday, May 20th. This represents a $2.06 annualized dividend and a yield of 3.40%. This is an increase from Unilever’s previous quarterly dividend of $0.51. Unilever’s dividend payout ratio is currently 72.08%.
Unilever PLC operates as a fast-moving consumer goods company in Asia, Africa, the Middle East, Turkey, Russia, Ukraine, Belarus, the Americas, and Europe. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmÃ©, and Vaseline brands.
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