Hemenway Trust Co LLC Cuts Holdings in Unilever PLC (NYSE:UL)

Hemenway Trust Co LLC reduced its holdings in Unilever PLC (NYSE:UL) by 20.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,953 shares of the company’s stock after selling 989 shares during the quarter. Hemenway Trust Co LLC’s holdings in Unilever were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Unilever by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after acquiring an additional 1,114,417 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Unilever by 9.6% in the fourth quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company’s stock valued at $525,051,000 after purchasing an additional 951,446 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Unilever by 5.3% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 6,548,241 shares of the company’s stock worth $317,459,000 after buying an additional 329,705 shares in the last quarter. Lazard Asset Management LLC grew its position in Unilever by 19.3% during the first quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock worth $207,416,000 after buying an additional 668,913 shares during the period. Finally, Norges Bank purchased a new position in Unilever in the fourth quarter valued at about $151,263,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UL shares. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Finally, TD Cowen began coverage on shares of Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Down 0.0 %

Shares of NYSE:UL traded down $0.02 on Friday, hitting $65.44. The company had a trading volume of 318,028 shares, compared to its average volume of 2,794,057. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $65.72. The business has a 50 day moving average of $60.04 and a 200 day moving average of $54.57.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a $0.4773 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 2.92%. This is a positive change from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, August 9th.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.