Bogart Wealth LLC raised its position in shares of Unilever PLC (NYSE:UL – Get Rating) by 230.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 975 shares of the company's stock after buying an additional 680 shares during the period. Bogart Wealth LLC's holdings in Unilever were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of UL. Norges Bank acquired a new stake in shares of Unilever during the fourth quarter worth approximately $188,685,000. Wellington Management Group LLP grew its stake in shares of Unilever by 16.0% during the first 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 during the last quarter. Equity Investment Corp bought a new stake in shares of Unilever during the first quarter valued at approximately $59,188,000. Hamlin Capital Management LLC bought a new stake in shares of Unilever during the second quarter valued at approximately $48,274,000. Finally, River Road Asset Management LLC grew its stake in shares of Unilever by 57.3% during the first quarter. River Road Asset Management LLC now owns 2,720,968 shares of the company's stock valued at $123,995,000 after purchasing an additional 991,438 shares during the last quarter. Institutional investors and hedge funds own 9.68% of the company's stock.
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Analyst Ratings Changes
Several analysts have recently commented on the stock. Sanford C. Bernstein raised shares of Unilever from a "market perform" rating to an "outperform" rating in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft raised shares of Unilever from a "hold" rating to a "buy" rating in a research note 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. Morgan Stanley started coverage on shares of Unilever in a research note on Thursday. They issued an "equal weight" rating on the stock. Finally, StockNews.com started coverage on shares of Unilever in a research note on Friday, September 16th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Unilever presently has a consensus rating of "Hold".
Unilever Stock Down 1.9 %
Shares of UL stock opened at $43.84 on Monday. Unilever PLC has a 52-week low of $42.54 and a 52-week high of $54.47. The firm's 50 day moving average price is $46.45 and its two-hundred day moving average price is $45.78.
Unilever Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 5th were paid a $0.4555 dividend. The ex-dividend date was Thursday, August 4th. This is a boost from Unilever's previous quarterly dividend of $0.45. This represents a $1.82 dividend on an annualized basis and a yield of 4.16%.
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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