Argent Trust Co reduced its position in Unilever PLC (NYSE:UL – Free Report) by 1.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,951 shares of the company’s stock after selling 470 shares during the quarter. Argent Trust Co’s holdings in Unilever were worth $1,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Clear Street Markets LLC boosted its position in shares of Unilever by 14,020.7% during the first quarter. Clear Street Markets LLC now owns 84,724 shares of the company’s stock worth $4,400,000 after acquiring an additional 84,124 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Unilever by 5.0% during the first quarter. Bank of America Corp DE now owns 10,441,673 shares of the company’s stock worth $542,236,000 after acquiring an additional 494,549 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Unilever by 10.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 49,528 shares of the company’s stock worth $2,572,000 after acquiring an additional 4,881 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Unilever by 7.4% during the first quarter. Prudential Financial Inc. now owns 28,979 shares of the company’s stock worth $1,341,000 after acquiring an additional 1,986 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Unilever by 1.2% during the first quarter. CIBC Asset Management Inc now owns 54,766 shares of the company’s stock worth $2,844,000 after acquiring an additional 630 shares during the last quarter. 9.94% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Unilever in a research report on Thursday, August 17th. They set a “buy” rating for the company.
Unilever Price Performance
Unilever stock traded down $0.26 during mid-day trading on Wednesday, reaching $49.74. 549,623 shares of the company’s stock traded hands, compared to its average volume of 1,944,109. The stock has a 50 day moving average of $51.84 and a two-hundred day moving average of $51.95. Unilever PLC has a 12-month low of $42.44 and a 12-month high of $55.99.
Unilever Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 4th were paid a dividend of $0.4702 per share. This is an increase from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, August 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 3.78%.
Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. 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, which includes the vitamins, minerals, and supplements.
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