Unilever PLC $UL Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. lowered its position in Unilever PLC (NYSE:UL) by 1.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 803,108 shares of the company’s stock after selling 13,674 shares during the quarter. Unilever accounts for about 3.6% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 6th biggest position. CORDA Investment Management LLC.’s holdings in Unilever were worth $49,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in Unilever during the 1st quarter worth $30,000. Brentview Investment Management LLC bought a new stake in shares of Unilever during the first quarter valued at about $33,000. Richardson Financial Services Inc. lifted its holdings in Unilever by 209.0% in the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after purchasing an additional 418 shares during the period. Financial Connections Group Inc. bought a new position in Unilever in the 2nd quarter valued at about $39,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in Unilever during the 2nd quarter valued at about $55,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Price Performance

UL stock opened at $63.18 on Monday. The firm has a market cap of $155.03 billion, a PE ratio of 18.10, a P/E/G ratio of 4.75 and a beta of 0.40. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.66. The firm has a 50 day simple moving average of $61.51 and a 200 day simple moving average of $61.69.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 15th were given a dividend of $0.5175 per share. This represents a $2.07 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 15th. Unilever’s payout ratio is presently 59.31%.

Wall Street Analysts Forecast Growth

UL has been the subject of a number of research analyst reports. CICC Research initiated coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating for the company. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Zacks Research lowered Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Unilever currently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

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.