Ridgewood Investments LLC increased its stake in Unilever PLC (NYSE:UL – Get Rating) by 8.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,826 shares of the company's stock after purchasing an additional 995 shares during the quarter. Ridgewood Investments LLC's holdings in Unilever were worth $588,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. Strategic Advisors LLC increased its stake in Unilever by 0.4% during the 1st quarter. Strategic Advisors LLC now owns 59,348 shares of the company's stock valued at $2,704,000 after purchasing an additional 221 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Unilever by 2.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 12,539 shares of the company's stock worth $571,000 after buying an additional 240 shares during the last quarter. Atticus Wealth Management LLC raised its stake in 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 acquiring an additional 254 shares during the period. Telos Capital Management Inc. raised its stake in Unilever by 5.9% in the 1st quarter. Telos Capital Management Inc. now owns 4,723 shares of the company's stock valued at $215,000 after acquiring an additional 265 shares during the period. Finally, BerganKDV Wealth Management LLC raised its stake in Unilever by 0.9% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 29,289 shares of the company's stock valued at $1,342,000 after acquiring an additional 273 shares during the period. Institutional investors own 9.68% of the company's stock.
Get Unilever alerts:Unilever Stock Performance
Shares of NYSE:UL traded up $0.16 during trading on Wednesday, reaching $43.47. 31,394 shares of the company traded hands, compared to its average volume of 2,263,138. Unilever PLC has a 52-week low of $42.54 and a 52-week high of $55.01. The business's fifty day moving average is $46.60 and its 200-day moving average is $45.79.
Unilever Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 5th were paid a $0.4555 dividend. This is a positive change from Unilever's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $1.82 dividend on an annualized basis and a yield of 4.19%.Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Tuesday, July 26th. Berenberg Bank upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research report on Monday. StockNews.com began coverage on shares of Unilever in a research report on Friday, September 16th. They issued a "buy" rating on the stock. Sanford C. Bernstein raised Unilever from a "market perform" rating to an "outperform" rating in a research note on Friday, July 22nd. Finally, DZ Bank lowered Unilever from a "buy" rating to a "hold" rating in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Unilever currently 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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