Quent Capital LLC Invests $28,000 in Unilever PLC (NYSE:UL)

Quent Capital LLC acquired a new position in Unilever PLC (NYSE:ULFree Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 559 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Unilever by 3.3% during the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after purchasing an additional 1,114,417 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Unilever by 9.8% in the fourth quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock worth $525,716,000 after acquiring an additional 965,173 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Unilever by 5.3% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 6,548,241 shares of the company’s stock valued at $317,459,000 after acquiring an additional 329,705 shares during the period. Royal Bank of Canada boosted its position in Unilever by 1.8% in the third quarter. Royal Bank of Canada now owns 3,819,083 shares of the company’s stock worth $188,664,000 after purchasing an additional 67,190 shares during the last quarter. Finally, Manning & Napier Group LLC grew its stake in shares of Unilever by 1.4% during the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after purchasing an additional 47,256 shares during the period. 9.67% of the stock is owned by institutional investors.

Unilever Trading Up 0.2 %

UL stock traded up $0.09 during trading on Tuesday, reaching $55.92. The company’s stock had a trading volume of 259,806 shares, compared to its average volume of 2,710,630. The company’s fifty day moving average is $54.70 and its 200-day moving average is $51.00. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $56.47.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a yield of 3.26%. The ex-dividend date was Thursday, May 16th.

Analysts Set New Price Targets

Several equities research analysts have recently commented on UL shares. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Finally, Argus raised their target price on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $54.00.

Get Our Latest Stock Analysis on Unilever

Unilever Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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