Manning & Napier Advisors LLC cut its position in Unilever PLC (NYSE:UL) by 19.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,090,740 shares of the company’s stock after selling 1,752,740 shares during the period. Unilever PLC accounts for 3.3% of Manning & Napier Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Manning & Napier Advisors LLC owned 0.25% of Unilever PLC worth $383,749,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Management Inc. WI increased its position in Unilever PLC by 56.6% in the first quarter. Fiduciary Management Inc. WI now owns 10,615,523 shares of the company’s stock worth $523,770,000 after buying an additional 3,837,015 shares during the period. Mawer Investment Management Ltd. increased its position in Unilever PLC by 31.4% in the first quarter. Mawer Investment Management Ltd. now owns 3,830,766 shares of the company’s stock worth $189,010,000 after buying an additional 914,789 shares during the period. Ameriprise Financial Inc. increased its position in Unilever PLC by 94.7% in the first quarter. Ameriprise Financial Inc. now owns 2,467,891 shares of the company’s stock worth $124,783,000 after buying an additional 1,200,280 shares during the period. Harding Loevner LP increased its position in Unilever PLC by 8.7% in the first quarter. Harding Loevner LP now owns 2,459,108 shares of the company’s stock worth $121,332,000 after buying an additional 197,199 shares during the period. Finally, Jane Street Group LLC increased its position in Unilever PLC by 459.2% in the first quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock worth $104,600,000 after buying an additional 1,740,864 shares during the period. Institutional investors own 8.41% of the company’s stock.
Shares of Unilever PLC (NYSE UL) traded down 0.33% during midday trading on Tuesday, hitting $56.80. The company had a trading volume of 884,028 shares. The company’s 50 day moving average is $55.09 and its 200 day moving average is $50.44. Unilever PLC has a one year low of $38.58 and a one year high of $57.45. The firm has a market cap of $159.75 billion, a price-to-earnings ratio of 24.07 and a beta of 0.88.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.409 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, August 2nd. This is an increase from Unilever PLC’s previous quarterly dividend of $0.38.
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A number of equities analysts have recently commented on UL shares. Zacks Investment Research downgraded Unilever PLC from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Seaport Global Securities cut their price objective on Unilever PLC from $28.00 to $26.00 in a report on Monday, April 3rd. Finally, UBS AG reiterated a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $43.50.
About Unilever PLC
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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