Bank of America Corp DE reduced its position in Unilever PLC (NYSE:UL – Get Rating) by 15.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,526,592 shares of the company’s stock after selling 1,513,796 shares during the quarter. Bank of America Corp DE owned about 0.33% of Unilever worth $388,557,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Citizens National Bank Trust Department bought a new position in shares of Unilever in the fourth quarter valued at approximately $27,000. Cornerstone Advisory LLC purchased a new stake in Unilever in the fourth quarter valued at approximately $27,000. Covestor Ltd raised its stake in Unilever by 204.6% in the first quarter. Covestor Ltd now owns 667 shares of the company’s stock valued at $30,000 after purchasing an additional 448 shares in the last quarter. Western Pacific Wealth Management LP purchased a new stake in Unilever in the fourth quarter valued at approximately $39,000. Finally, Pinnacle Bancorp Inc. raised its stake in Unilever by 61.0% in the first quarter. Pinnacle Bancorp Inc. now owns 747 shares of the company’s stock valued at $34,000 after purchasing an additional 283 shares in the last quarter. 9.68% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. DZ Bank downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. StockNews.com started coverage on shares of Unilever in a research note on Friday. They issued a “buy” rating 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Unilever has an average rating of “Hold”.
Unilever Trading Down 0.5 %
Unilever Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 5th were issued a $0.4555 dividend. The ex-dividend date was Thursday, August 4th. This represents a $1.82 annualized dividend and a yield of 4.03%. This is a boost from Unilever’s previous quarterly dividend of $0.45.
Unilever Company Profile
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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