Cardinal Capital Management Trims Holdings in Unilever PLC (NYSE:UL)

Cardinal Capital Management lessened its stake in Unilever PLC (NYSE:UL) by 0.9% in the second quarter, Holdings Channel reports. The institutional investor owned 33,369 shares of the company’s stock after selling 301 shares during the quarter. Cardinal Capital Management’s holdings in Unilever were worth $1,740,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP grew its holdings in Unilever by 2.1% during the 1st quarter. Wellington Management Group LLP now owns 35,469,377 shares of the company’s stock worth $1,841,925,000 after acquiring an additional 741,815 shares in the last quarter. BlackRock Inc. grew its stake in Unilever by 1.7% in the first quarter. BlackRock Inc. now owns 19,363,465 shares of the company’s stock worth $1,005,545,000 after purchasing an additional 331,498 shares in the last quarter. Bank of America Corp DE increased its holdings in Unilever by 5.0% in the first quarter. Bank of America Corp DE now owns 10,441,673 shares of the company’s stock valued at $542,236,000 after buying an additional 494,549 shares during the last quarter. Fisher Asset Management LLC raised its stake in Unilever by 9.4% during the first quarter. Fisher Asset Management LLC now owns 8,453,872 shares of the company’s stock valued at $439,010,000 after buying an additional 726,746 shares in the last quarter. Finally, FMR LLC lifted its holdings in Unilever by 1.2% during the 1st quarter. FMR LLC now owns 7,305,322 shares of the company’s stock worth $379,365,000 after buying an additional 84,827 shares during the last quarter. Institutional investors own 9.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Unilever in a report on Thursday, August 17th. They issued a “buy” rating for the company.

Unilever Stock Performance

Unilever stock opened at $50.79 on Tuesday. Unilever PLC has a 1 year low of $42.44 and a 1 year high of $55.99. The firm’s 50-day moving average is $51.63 and its 200-day moving average is $51.93.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 4th were issued a $0.4702 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 3.70%. This is a boost from Unilever’s previous quarterly dividend of $0.46.

Unilever Profile

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.