Cadence Bank NA lowered its position in shares of Unilever PLC (NYSE:UL – Get Rating) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,289 shares of the company's stock after selling 255 shares during the period. Cadence Bank NA's holdings in Unilever were worth $517,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of UL. Citizens National Bank Trust Department purchased a new position in Unilever in the 4th quarter worth approximately $27,000. Cornerstone Advisory LLC purchased a new position in Unilever in the 4th quarter worth approximately $27,000. Covestor Ltd grew its stake in Unilever by 204.6% in the 1st quarter. Covestor Ltd now owns 667 shares of the company's stock worth $30,000 after buying an additional 448 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in Unilever by 61.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 747 shares of the company's stock worth $34,000 after buying an additional 283 shares in the last quarter. Finally, Atticus Wealth Management LLC boosted its stake in shares of Unilever by 50.9% in the 2nd quarter. Atticus Wealth Management LLC now owns 753 shares of the company's stock valued at $35,000 after purchasing an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 9.68% of the company's stock.
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Unilever Trading Up 1.1 %
NYSE:UL opened at $44.71 on Friday. The company has a fifty day moving average of $46.52 and a 200 day moving average of $45.78. Unilever PLC has a 52 week low of $42.54 and a 52 week high of $54.57.
Unilever Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 5th were issued a dividend of $0.4555 per share. This is a positive change from Unilever's previous quarterly dividend of $0.45. This represents a $1.82 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Thursday, August 4th.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on UL shares. Sanford C. Bernstein raised shares of Unilever from a "market perform" rating to an "outperform" rating in a research note on Friday, July 22nd. Morgan Stanley started coverage on shares of Unilever in a research note on Thursday. They issued an "equal weight" rating for the company. Berenberg Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Monday. StockNews.com started coverage on shares of Unilever in a research note on Friday, September 16th. They issued a "buy" rating for the company. Finally, DZ Bank cut shares of Unilever from a "buy" rating to a "hold" rating in a research note on Wednesday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Unilever has an average rating of "Hold".
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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