Chartwell Investment Partners LLC boosted its stake in Unilever N.V. (NYSE:UL) by 27.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,843 shares of the company’s stock after buying an additional 10,805 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Unilever were worth $2,790,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of UL. Patriot Financial Group Insurance Agency LLC lifted its stake in Unilever by 810.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 510 shares of the company’s stock valued at $26,000 after buying an additional 454 shares in the last quarter. WASHINGTON TRUST Co purchased a new stake in Unilever in the 1st quarter valued at approximately $27,000. CNB Bank purchased a new stake in Unilever in the 2nd quarter valued at approximately $30,000. Verus Capital Partners LLC purchased a new stake in Unilever in the 4th quarter valued at approximately $41,000. Finally, FDx Advisors Inc. lifted its stake in Unilever by 52.1% in the 1st quarter. FDx Advisors Inc. now owns 33,443 shares of the company’s stock valued at $46,000 after buying an additional 11,449 shares in the last quarter. 7.30% of the stock is currently owned by hedge funds and other institutional investors.
UL has been the topic of a number of recent analyst reports. Cfra increased their price target on Unilever from $11.00 to $45.00 and gave the stock a “sell” rating in a research note on Thursday, April 23rd. Societe Generale reissued a “sell” rating on shares of Unilever in a research note on Thursday, June 4th. Morgan Stanley reissued a “sell” rating on shares of Unilever in a research note on Wednesday, July 8th. HSBC raised Unilever from a “reduce” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, UBS Group lowered Unilever from a “neutral” rating to a “sell” rating in a research note on Monday, June 29th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $56.50.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.4694 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.10%. This is an increase from Unilever’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, August 6th. Unilever’s dividend payout ratio is presently 61.54%.
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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