InTrack Investment Management Inc lessened its position in Unilever PLC (NYSE:UL – Free Report) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,282 shares of the company’s stock after selling 2,741 shares during the period. InTrack Investment Management Inc’s holdings in Unilever were worth $672,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of UL. Jennison Associates LLC grew its stake in shares of Unilever by 981.6% in the third quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock worth $134,868,000 after purchasing an additional 1,884,216 shares during the last quarter. Bank of Montreal Can grew its position in shares of Unilever by 249.5% in the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after buying an additional 1,248,136 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Unilever by 598.7% in the 2nd quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock worth $71,555,000 after buying an additional 1,114,992 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Unilever by 7.1% during the third quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock valued at $1,086,547,000 after acquiring an additional 1,114,177 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in Unilever by 493.4% in the third quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock worth $71,785,000 after acquiring an additional 918,841 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on UL shares. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Three analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.75.
Unilever Stock Performance
Shares of UL opened at $55.68 on Friday. The firm’s 50-day simple moving average is $57.69 and its two-hundred day simple moving average is $60.27. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.
Unilever Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were paid a $0.4755 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, November 8th.
Unilever Profile
Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.
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