Chartwell Investment Partners LLC increased its position in shares of Unilever N.V. (NYSE:UL) by 27.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,843 shares of the company’s stock after purchasing 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.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Unilever by 810.7% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 510 shares of the company’s stock valued at $26,000 after acquiring an additional 454 shares during the last quarter. WASHINGTON TRUST Co purchased a new position in Unilever during the first quarter worth about $27,000. CNB Bank purchased a new position in Unilever during the second quarter worth about $30,000. Verus Capital Partners LLC purchased a new position in Unilever during the fourth quarter worth about $41,000. Finally, FDx Advisors Inc. raised its stake in Unilever by 52.1% during the first quarter. FDx Advisors Inc. now owns 33,443 shares of the company’s stock worth $46,000 after purchasing an additional 11,449 shares during the period. Hedge funds and other institutional investors own 7.30% of the company’s stock.
Shares of UL stock opened at $60.48 on Friday. The stock has a market capitalization of $70.67 billion, a P/E ratio of 21.15 and a beta of 0.52. The company has a 50 day moving average price of $56.37 and a 200 day moving average price of $54.73. Unilever N.V. has a fifty-two week low of $44.06 and a fifty-two week high of $64.84.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 7th will be issued a $0.4694 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.10%. This is a boost from Unilever’s previous quarterly dividend of $0.44. Unilever’s payout ratio is 61.54%.
A number of equities analysts have commented on UL shares. Societe Generale reaffirmed a “sell” rating on shares of Unilever in a research note on Thursday, June 4th. UBS Group downgraded shares of Unilever from a “neutral” rating to a “sell” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a research note on Thursday, July 2nd. Credit Suisse Group reissued an “outperform” rating on shares of Unilever in a research note on Wednesday, April 15th. Finally, HSBC raised shares of Unilever from a “reduce” rating to a “hold” rating in a research note on Wednesday, April 8th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Unilever currently has an average rating of “Hold” and a consensus price target of $56.50.
Unilever Company Profile
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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