Cobblestone Capital Advisors LLC NY Buys 269,889 Shares of Unilever PLC (NYSE:UL)


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Cobblestone Capital Advisors LLC NY lifted its holdings in Unilever PLC (NYSE:UL) by 2,302.2% in the 4th quarter, Holdings Channel reports. The firm owned 281,612 shares of the company’s stock after acquiring an additional 269,889 shares during the period. Unilever accounts for 1.3% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 24th biggest holding. Cobblestone Capital Advisors LLC NY’s holdings in Unilever were worth $16,998,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Private Capital Group LLC raised its stake in shares of Unilever by 114.5% in the fourth quarter. Private Capital Group LLC now owns 5,067 shares of the company’s stock worth $306,000 after purchasing an additional 2,705 shares during the last quarter. Clean Yield Group raised its stake in shares of Unilever by 28,565.8% in the fourth quarter. Clean Yield Group now owns 128,996 shares of the company’s stock worth $7,786,000 after purchasing an additional 128,546 shares during the last quarter. Guyasuta Investment Advisors Inc. purchased a new position in shares of Unilever in the fourth quarter worth $31,211,000. Boston Common Asset Management LLC purchased a new stake in Unilever during the fourth quarter valued at $23,203,000. Finally, Chartwell Investment Partners LLC increased its position in Unilever by 7.8% during the third quarter. Chartwell Investment Partners LLC now owns 54,827 shares of the company’s stock valued at $3,382,000 after acquiring an additional 3,984 shares during the last quarter.

NYSE:UL traded up $0.76 during mid-day trading on Tuesday, hitting $55.07. 168,640 shares of the company traded hands, compared to its average volume of 2,167,824. The stock’s fifty day moving average price is $57.95 and its 200-day moving average price is $59.75. Unilever PLC has a one year low of $44.06 and a one year high of $63.89. The firm has a market cap of $64.35 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 4.19 and a beta of 0.44.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 17th. Shareholders of record on Friday, February 26th will be issued a dividend of $0.5139 per share. This represents a $2.06 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, February 25th. This is a positive change from Unilever’s previous quarterly dividend of $0.48. Unilever’s payout ratio is currently 63.99%.

Separately, Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a research report on Wednesday, February 10th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $57.00.

Unilever Company Profile

Unilever PLC, together with its subsidiaries, operates in the fast-moving consumer goods industry worldwide. It operates through three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and skin cleansing products under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmé, and Vaseline brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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