Unilever PLC (NYSE:UL) Stake Raised by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC boosted its holdings in Unilever PLC (NYSE:ULGet Rating) by 3.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 52,046 shares of the company’s stock after buying an additional 1,624 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Unilever were worth $2,385,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UL. Citizens National Bank Trust Department acquired a new position in Unilever during the 4th quarter worth $27,000. Cornerstone Advisory LLC acquired a new position in shares of Unilever during the fourth quarter worth approximately $27,000. Covestor Ltd lifted its position in shares of Unilever by 204.6% during the first quarter. Covestor Ltd now owns 667 shares of the company’s stock worth $30,000 after purchasing an additional 448 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Unilever by 61.0% during the first quarter. Pinnacle Bancorp Inc. now owns 747 shares of the company’s stock worth $34,000 after purchasing an additional 283 shares in the last quarter. Finally, Atticus Wealth Management LLC lifted its position in shares of Unilever by 50.9% during the second quarter. Atticus Wealth Management LLC now owns 753 shares of the company’s stock worth $35,000 after purchasing an additional 254 shares in the last quarter. Institutional investors and hedge funds own 9.68% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on UL. Deutsche Bank Aktiengesellschaft upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Tuesday, July 26th. DZ Bank cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. StockNews.com started coverage on shares of Unilever in a report on Friday, September 16th. They issued a “buy” rating on the stock. Finally, Sanford C. Bernstein raised shares of Unilever from a “market perform” rating to an “outperform” rating in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Unilever presently has a consensus rating of “Hold”.

Unilever Stock Performance

UL traded down $1.65 during trading on Friday, hitting $44.01. 36,772 shares of the company’s stock were exchanged, compared to its average volume of 1,933,305. The business’s 50 day moving average is $46.77 and its two-hundred day moving average is $45.79. Unilever PLC has a fifty-two week low of $42.54 and a fifty-two week high of $55.20.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 5th were given a dividend of $0.4555 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $1.82 annualized dividend and a yield of 4.14%. This is a positive change from Unilever’s previous quarterly dividend of $0.45.

Unilever Company Profile

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Unilever PLC operates as a fast-moving consumer goods company. 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. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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