Hexagon Capital Partners LLC increased its position in Unilever PLC (NYSE:UL – Get Rating) by 42.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,479 shares of the company's stock after purchasing an additional 440 shares during the period. Hexagon Capital Partners LLC's holdings in Unilever were worth $68,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Invesco Ltd. lifted its holdings in Unilever by 9.3% in the fourth quarter. Invesco Ltd. now owns 388,609 shares of the company's stock worth $20,903,000 after acquiring an additional 33,188 shares during the last quarter. Eaton Vance Management lifted its holdings in Unilever by 0.6% in the fourth quarter. Eaton Vance Management now owns 166,675 shares of the company's stock worth $8,576,000 after acquiring an additional 993 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in Unilever by 221.5% in the fourth quarter. Squarepoint Ops LLC now owns 30,553 shares of the company's stock worth $1,643,000 after acquiring an additional 21,051 shares during the last quarter. Capital World Investors lifted its holdings in Unilever by 1.3% in the fourth quarter. Capital World Investors now owns 878,711 shares of the company's stock worth $47,266,000 after acquiring an additional 11,294 shares during the last quarter. Finally, Clark Estates Inc. NY bought a new position in Unilever in the fourth quarter worth about $16,137,000. 9.68% of the stock is currently owned by institutional investors and hedge funds.
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Unilever Price Performance
Unilever stock opened at $43.84 on Monday. Unilever PLC has a fifty-two week low of $42.54 and a fifty-two week high of $54.47. The firm has a fifty day moving average price of $46.45 and a two-hundred day moving average price of $45.78.
Unilever Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 5th were given a dividend of $0.4555 per share. This is a positive change from Unilever's previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 4th. This represents a $1.82 dividend on an annualized basis and a yield of 4.16%.
Analysts Set New Price Targets
UL has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised Unilever from a "market perform" rating to an "outperform" rating in a report on Friday, July 22nd. DZ Bank cut Unilever from a "buy" rating to a "hold" rating in a report on Wednesday, July 27th. Morgan Stanley began coverage on shares of Unilever in a research note on Thursday. They set an "equal weight" rating on the stock. StockNews.com started coverage on shares of Unilever in a research report on Friday, September 16th. They issued a "buy" rating on the stock. Finally, Berenberg Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research report on Monday, September 26th. One research 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 data from MarketBeat.com, the company has an average rating of "Hold".
About Unilever
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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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