Charter Oak Capital Management LLC acquired a new stake in Unilever PLC (NYSE:UL – Get Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,044 shares of the company's stock, valued at approximately $48,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in Unilever by 16.0% in the 1st quarter. Wellington Management Group LLP now owns 17,225,391 shares of the company's stock valued at $784,961,000 after purchasing an additional 2,378,067 shares in the last quarter. Capital International Investors raised its holdings in shares of Unilever by 0.6% during the 1st quarter. Capital International Investors now owns 5,042,546 shares of the company's stock worth $229,988,000 after acquiring an additional 28,870 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Unilever by 24.3% during the 1st quarter. Fisher Asset Management LLC now owns 4,922,757 shares of the company's stock worth $224,330,000 after acquiring an additional 962,570 shares during the period. American Century Companies Inc. raised its holdings in shares of Unilever by 5.2% during the 1st quarter. American Century Companies Inc. now owns 4,828,818 shares of the company's stock worth $220,049,000 after acquiring an additional 239,905 shares during the period. Finally, Norges Bank purchased a new position in shares of Unilever during the 4th quarter worth $188,685,000. Hedge funds and other institutional investors own 9.68% of the company's stock.
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Analyst Ratings Changes
Several research analysts have recently commented on the company. StockNews.com assumed coverage on Unilever in a report on Friday, September 16th. They set a "buy" rating on the stock. Berenberg Bank upgraded Unilever from a "hold" rating to a "buy" rating in a report on Monday, September 26th. Deutsche Bank Aktiengesellschaft raised Unilever from a "hold" rating to a "buy" rating in a research report on Tuesday, July 26th. Sanford C. Bernstein raised Unilever from a "market perform" rating to an "outperform" rating in a research report on Friday, July 22nd. Finally, Morgan Stanley began coverage on Unilever in a research report on Thursday. They set an "equal weight" rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold".
Unilever Price Performance
Shares of NYSE:UL opened at $43.84 on Monday. The business has a 50-day moving average price of $46.45 and a 200 day moving average price of $45.78. Unilever PLC has a 12-month low of $42.54 and a 12-month high of $54.47.
Unilever Increases Dividend
The firm also recently disclosed 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. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.16%. This is an increase from Unilever's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 4th.
Unilever 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.
Further Reading
- Get a free copy of the StockNews.com research report on Unilever (UL)
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