Unilever PLC (NYSE:UL) Position Decreased by Heritage Way Advisors LLC

Heritage Way Advisors LLC lowered its position in shares of Unilever PLC (NYSE:UL) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,675 shares of the company’s stock after selling 1,875 shares during the period. Heritage Way Advisors LLC’s holdings in Unilever PLC were worth $1,606,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Management Inc. WI boosted its stake 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. Jane Street Group LLC boosted its stake 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. Ameriprise Financial Inc. boosted its stake 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. Mawer Investment Management Ltd. boosted its stake 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. Finally, TIAA CREF Investment Management LLC purchased a new stake in Unilever PLC during the first quarter worth approximately $18,447,000. 8.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Unilever PLC (NYSE UL) opened at 56.88 on Friday. Unilever PLC has a 12 month low of $38.58 and a 12 month high of $57.45. The stock has a market cap of $159.98 billion, a PE ratio of 24.10 and a beta of 0.88. The firm has a 50-day moving average price of $55.16 and a 200-day moving average price of $50.55.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be issued a $0.409 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is a boost from Unilever PLC’s previous quarterly dividend of $0.38.

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A number of research firms recently commented on UL. Zacks Investment Research cut Unilever PLC from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS AG reiterated a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.50.

Unilever PLC Company Profile

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.