Insight Wealth Strategies LLC lessened its holdings in shares of Unilever PLC (NYSE:UL) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,973 shares of the company’s stock after selling 745 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Unilever were worth $333,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its stake in Unilever by 11.1% during the 1st quarter. BlackRock Inc. now owns 20,849,540 shares of the company’s stock valued at $1,164,032,000 after purchasing an additional 2,077,342 shares during the period. Gardner Russo & Gardner LLC bought a new stake in Unilever in the 4th quarter worth approximately $673,353,000. Wells Fargo & Company MN increased its stake in Unilever by 199.6% in the 4th quarter. Wells Fargo & Company MN now owns 6,530,946 shares of the company’s stock worth $394,208,000 after acquiring an additional 4,351,317 shares during the last quarter. Norges Bank bought a new stake in Unilever in the 4th quarter worth approximately $364,824,000. Finally, Morgan Stanley increased its stake in Unilever by 54.6% in the 4th quarter. Morgan Stanley now owns 4,301,058 shares of the company’s stock worth $259,612,000 after acquiring an additional 1,519,308 shares during the last quarter. 8.82% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on UL shares. Societe Generale reaffirmed a “sell” rating on shares of Unilever in a research note on Wednesday, April 14th. Zacks Investment Research raised Unilever from a “sell” rating to a “hold” rating in a research note on Tuesday, April 13th. Four analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $69.00.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Friday, May 21st were issued a $0.5159 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Thursday, May 20th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.43%. Unilever’s payout ratio is 72.08%.
Unilever Company Profile
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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