Gilman Hill Asset Management LLC Buys 1,624 Shares of Unilever PLC (NYSE:UL)

Gilman Hill Asset Management LLC boosted its holdings in Unilever PLC (NYSE:ULGet Rating) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,046 shares of the company’s stock after purchasing an additional 1,624 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Unilever were worth $2,385,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GQG Partners LLC bought a new stake in shares of Unilever during the fourth quarter valued at approximately $391,267,000. Norges Bank bought a new stake in shares of Unilever during the fourth quarter valued at approximately $188,685,000. Wellington Management Group LLP boosted its position in shares of Unilever by 16.0% during the first quarter. Wellington Management Group LLP now owns 17,225,391 shares of the company’s stock valued at $784,961,000 after buying an additional 2,378,067 shares during the last quarter. Equity Investment Corp purchased a new position in shares of Unilever during the first quarter valued at approximately $59,188,000. Finally, Hamlin Capital Management LLC purchased a new position in shares of Unilever during the second quarter valued at approximately $48,274,000. 9.68% of the stock is currently owned by institutional investors.

Unilever Trading Down 3.6 %

UL stock traded down $1.65 during trading on Friday, hitting $44.01. 36,772 shares of the company traded hands, compared to its average volume of 1,933,305. Unilever PLC has a 1 year low of $42.54 and a 1 year high of $55.20. The company has a 50-day moving average of $46.77 and a 200-day moving average of $45.79.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 5th were given a dividend of $0.4555 per share. The ex-dividend date was Thursday, August 4th. This represents a $1.82 annualized dividend and a yield of 4.14%. This is a positive change from Unilever’s previous quarterly dividend of $0.45.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UL shares. Deutsche Bank Aktiengesellschaft raised Unilever from a “hold” rating to a “buy” rating in a research report on Tuesday, July 26th. DZ Bank lowered Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. StockNews.com started coverage on Unilever in a research note on Friday, September 16th. They set a “buy” rating on the stock. Finally, Sanford C. Bernstein upgraded Unilever from a “market perform” rating to an “outperform” rating in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Unilever currently has a consensus rating of “Hold”.

Unilever Company Profile

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Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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