MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $58.90 Million Stock Position in Unilever PLC (NYSE:UL)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Unilever PLC (NYSE:UL) by 25.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,215,003 shares of the company’s stock after acquiring an additional 247,004 shares during the quarter. Unilever accounts for 2.2% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its 9th biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Unilever were worth $58,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fortis Capital Advisors LLC bought a new stake in Unilever during the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp boosted its position in Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after acquiring an additional 291 shares during the last quarter. VisionPoint Advisory Group LLC boosted its position in Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares during the last quarter. Barrett & Company Inc. boosted its position in Unilever by 51.5% during the 3rd quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock worth $30,000 after acquiring an additional 206 shares during the last quarter. Finally, Covestor Ltd boosted its position in Unilever by 204.6% during the 1st quarter. Covestor Ltd now owns 667 shares of the company’s stock worth $30,000 after acquiring an additional 448 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Up 0.1 %

UL traded up $0.05 during trading hours on Friday, reaching $50.19. The company’s stock had a trading volume of 1,290,277 shares, compared to its average volume of 2,628,611. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.99. The company’s 50-day moving average is $49.43 and its 200-day moving average is $48.76.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were paid a $0.4582 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Thursday, February 22nd.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UL shares. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Sanford C. Bernstein raised Unilever from an “underperform” rating to a “market perform” rating in a report on Monday, December 11th. Morgan Stanley downgraded Unilever from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. Finally, Jefferies Financial Group downgraded Unilever from a “buy” rating to an “underperform” rating in a report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued 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 $48.00.

About Unilever

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.