Unilever PLC (UL) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its position in shares of Unilever PLC (NYSE:UL) by 30.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,446 shares of the company’s stock after buying an additional 6,830 shares during the period. Advisors Asset Management Inc.’s holdings in Unilever PLC were worth $1,594,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of UL. Sunbelt Securities Inc. raised its stake in shares of Unilever PLC by 0.7% in the first quarter. Sunbelt Securities Inc. now owns 6,501 shares of the company’s stock worth $321,000 after buying an additional 44 shares during the last quarter. Mercer Capital Advisers Inc. raised its stake in shares of Unilever PLC by 2.6% in the second quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock worth $106,000 after buying an additional 50 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Unilever PLC by 0.8% in the first quarter. Wetherby Asset Management Inc. now owns 7,130 shares of the company’s stock worth $352,000 after buying an additional 57 shares during the last quarter. BTIM Corp. raised its stake in shares of Unilever PLC by 1.8% in the second quarter. BTIM Corp. now owns 7,063 shares of the company’s stock worth $382,000 after buying an additional 126 shares during the last quarter. Finally, HL Financial Services LLC raised its stake in shares of Unilever PLC by 0.6% in the first quarter. HL Financial Services LLC now owns 22,811 shares of the company’s stock worth $1,126,000 after buying an additional 132 shares during the last quarter. 8.32% of the stock is owned by institutional investors and hedge funds.

Unilever PLC (UL) opened at 58.03 on Friday. The firm’s 50-day moving average price is $56.64 and its 200-day moving average price is $52.39. The firm has a market cap of $163.21 billion, a P/E ratio of 24.31 and a beta of 0.88. Unilever PLC has a 1-year low of $38.58 and a 1-year high of $58.17.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors 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 2.82%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.38.

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A number of analysts recently commented on the company. Royal Bank Of Canada lowered Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. Zacks Investment Research lowered Unilever PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, UBS AG reaffirmed a “neutral” rating on shares of Unilever PLC in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Unilever PLC has a consensus rating of “Hold” and an average target price 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.

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