Bank of America Corp DE Trims Stock Position in Unilever PLC (NYSE:UL)

Bank of America Corp DE lowered its holdings in shares of Unilever PLC (NYSE:ULGet Rating) by 15.1% in the 1st quarter, Holdings Channel.com reports. 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’s holdings in Unilever were worth $388,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UL. Rehmann Capital Advisory Group grew its stake in shares of Unilever by 12.1% during the 1st quarter. Rehmann Capital Advisory Group now owns 9,210 shares of the company’s stock valued at $420,000 after acquiring an additional 994 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Unilever by 3.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,480 shares of the company’s stock valued at $2,346,000 after acquiring an additional 1,932 shares during the period. Fortitude Advisory Group L.L.C. grew its stake in shares of Unilever by 39.2% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 4,452 shares of the company’s stock valued at $203,000 after acquiring an additional 1,254 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Unilever by 12.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,592 shares of the company’s stock valued at $164,000 after acquiring an additional 407 shares during the period. Finally, Phocas Financial Corp. bought a new position in shares of Unilever during the 1st quarter valued at approximately $273,000. Hedge funds and other institutional investors own 9.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, July 26th. DZ Bank downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Sanford C. Bernstein upgraded Unilever from a “market perform” rating to an “outperform” rating in a research note on Friday, July 22nd. Finally, StockNews.com assumed coverage on Unilever in a research note on Friday. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Unilever Trading Down 0.5 %

NYSE UL opened at $45.17 on Monday. Unilever PLC has a one year low of $42.54 and a one year high of $55.21. The stock has a 50 day moving average price of $46.82 and a 200-day moving average price of $45.80.

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 dividend of $0.4555 per share. This represents a $1.82 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Thursday, August 4th. This is a positive change from Unilever’s previous quarterly dividend of $0.45.

Unilever Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever PLC (NYSE:ULGet Rating).

Institutional Ownership by Quarter for Unilever (NYSE:UL)

Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.