Fifth Third Bancorp Sells 412 Shares of Unilever PLC $UL

Fifth Third Bancorp reduced its position in Unilever PLC (NYSE:UL) by 3.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,319 shares of the company’s stock after selling 412 shares during the quarter. Fifth Third Bancorp’s holdings in Unilever were worth $692,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UL. Hall Laurie J Trustee grew its position in Unilever by 3.7% during the 2nd quarter. Hall Laurie J Trustee now owns 52,690 shares of the company’s stock worth $3,223,000 after acquiring an additional 1,875 shares during the last quarter. Forte Capital LLC ADV grew its position in Unilever by 0.9% during the 2nd quarter. Forte Capital LLC ADV now owns 40,183 shares of the company’s stock worth $2,458,000 after acquiring an additional 349 shares during the last quarter. Revisor Wealth Management LLC bought a new position in Unilever during the 2nd quarter worth approximately $280,000. GSB Wealth Management LLC grew its position in Unilever by 0.8% during the 2nd quarter. GSB Wealth Management LLC now owns 56,447 shares of the company’s stock worth $3,453,000 after acquiring an additional 466 shares during the last quarter. Finally, Cardinal Capital Management grew its position in Unilever by 2.3% during the 2nd quarter. Cardinal Capital Management now owns 40,885 shares of the company’s stock worth $2,501,000 after acquiring an additional 932 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Down 0.1%

UL opened at $59.30 on Monday. The stock has a market cap of $145.50 billion, a PE ratio of 16.99, a PEG ratio of 3.57 and a beta of 0.40. The business has a 50 day moving average of $61.61 and a 200-day moving average of $61.62. Unilever PLC has a 52 week low of $54.32 and a 52 week high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 15th were given a dividend of $0.5175 per share. This is a boost from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 dividend on an annualized basis and a yield of 3.5%. Unilever’s dividend payout ratio is 59.31%.

Analyst Ratings Changes

UL has been the topic of several recent research reports. Zacks Research upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Finally, CICC Research assumed coverage on Unilever in a research report on Thursday, August 21st. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.