M Holdings Securities Inc. Makes New Investment in Unilever PLC (NYSE:UL)

M Holdings Securities Inc. purchased a new position in Unilever PLC (NYSE:ULGet Rating) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 4,767 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in shares of Unilever by 26.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 11,476 shares of the company’s stock worth $617,000 after purchasing an additional 2,420 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Unilever by 28.9% in the fourth quarter. JPMorgan Chase & Co. now owns 504,048 shares of the company’s stock worth $27,112,000 after purchasing an additional 113,132 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Unilever by 1.7% in the fourth quarter. Allianz Asset Management GmbH now owns 18,137 shares of the company’s stock worth $976,000 after purchasing an additional 297 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Unilever by 11.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 32,264 shares of the company’s stock worth $1,735,000 after purchasing an additional 3,338 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Unilever by 9.3% in the fourth quarter. Invesco Ltd. now owns 388,609 shares of the company’s stock worth $20,903,000 after purchasing an additional 33,188 shares during the last quarter. Institutional investors own 9.68% of the company’s stock.

Unilever Stock Down 0.5 %

Shares of UL opened at $45.17 on Monday. The stock has a 50 day moving average of $46.82 and a 200 day moving average of $45.80. Unilever PLC has a 12 month low of $42.54 and a 12 month high of $55.21.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 5th were given a $0.4555 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.45. This represents a $1.82 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Thursday, August 4th.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UL shares. Deutsche Bank Aktiengesellschaft raised 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 report on Wednesday, July 27th. Sanford C. Bernstein raised Unilever from a “market perform” rating to an “outperform” rating in a research report on Friday, July 22nd. Finally, StockNews.com began coverage on Unilever in a research report on Friday. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

About Unilever

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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.

Further Reading

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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