Inverness Counsel LLC NY Sells 1,187 Shares of Unilever PLC (NYSE:UL)

Inverness Counsel LLC NY lessened its position in shares of Unilever PLC (NYSE:UL) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,400 shares of the company’s stock after selling 1,187 shares during the quarter. Inverness Counsel LLC NY’s holdings in Unilever were worth $1,135,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in UL. OLD Mission Capital LLC lifted its position in shares of Unilever by 59.9% in the third quarter. OLD Mission Capital LLC now owns 27,043 shares of the company’s stock valued at $1,668,000 after buying an additional 10,133 shares during the last quarter. Avidian Wealth Solutions LLC raised its stake in Unilever by 19.2% during the 1st quarter. Avidian Wealth Solutions LLC now owns 15,772 shares of the company’s stock worth $881,000 after buying an additional 2,540 shares during the period. Wade G W & Inc. grew its holdings in shares of Unilever by 114.5% in the first quarter. Wade G W & Inc. now owns 13,928 shares of the company’s stock valued at $778,000 after acquiring an additional 7,435 shares in the last quarter. Stockman Wealth Management Inc. grew its holdings in Unilever by 10.8% during the first quarter. Stockman Wealth Management Inc. now owns 61,977 shares of the company’s stock valued at $3,460,000 after purchasing an additional 6,026 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Unilever by 1.4% during the first quarter. Kovitz Investment Group Partners LLC now owns 27,627 shares of the company’s stock worth $1,542,000 after acquiring an additional 377 shares in the last quarter. 8.67% of the stock is currently owned by hedge funds and other institutional investors.

UL has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut Unilever from a “neutral” rating to an “underweight” rating in a research note on Thursday, September 2nd. Zacks Investment Research lowered shares of Unilever from a “hold” rating to a “sell” rating in a report on Tuesday, September 7th.

NYSE UL traded down $0.33 on Wednesday, reaching $55.04. 59,028 shares of the company’s stock traded hands, compared to its average volume of 1,884,572. Unilever PLC has a fifty-two week low of $51.98 and a fifty-two week high of $63.89. The stock has a 50 day moving average price of $56.99 and a 200-day moving average price of $57.68. The firm has a market cap of $144.71 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 4.96 and a beta of 0.47.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Investors of record on Friday, August 6th were paid a dividend of $0.5031 per share. This represents a $2.01 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, August 5th. Unilever’s payout ratio is currently 70.32%.

Unilever Company Profile

Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty and Personal Care, Foods and Refreshment, and Home Care. The Beauty and Personal Care segment offers skin cleansing, hair care, skin care, and deodorants categories. The Foods and Refreshment segment sells ice cream, savory, dressings, and tea.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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