Unilever PLC $UL Holdings Decreased by Northstar Asset Management Inc.

Northstar Asset Management Inc. decreased its holdings in shares of Unilever PLC (NYSE:UL) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 258,552 shares of the company’s stock after selling 1,842 shares during the period. Unilever makes up approximately 4.4% of Northstar Asset Management Inc.’s investment portfolio, making the stock its 5th largest holding. Northstar Asset Management Inc.’s holdings in Unilever were worth $15,816,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of Unilever by 13.9% during the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after acquiring an additional 3,421,054 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Unilever by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company’s stock valued at $233,787,000 after buying an additional 95,359 shares during the last quarter. Raymond James Financial Inc. boosted its position in Unilever by 7.1% in the first quarter. Raymond James Financial Inc. now owns 3,340,231 shares of the company’s stock valued at $198,911,000 after buying an additional 221,958 shares during the last quarter. Hamlin Capital Management LLC boosted its position in Unilever by 0.5% in the second quarter. Hamlin Capital Management LLC now owns 3,085,571 shares of the company’s stock valued at $188,744,000 after buying an additional 14,711 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Unilever by 4.3% in the first quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock valued at $134,591,000 after buying an additional 93,677 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 0.5%

Unilever stock opened at $62.64 on Friday. Unilever PLC has a 12 month low of $54.32 and a 12 month high of $65.66. The stock’s 50 day simple moving average is $61.62 and its two-hundred day simple moving average is $61.78. The firm has a market cap of $153.68 billion, a PE ratio of 17.95, a P/E/G ratio of 4.71 and a beta of 0.40.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a $0.5258 dividend. The ex-dividend date is Friday, November 7th. This represents a $2.10 annualized dividend and a yield of 3.4%. This is a boost from Unilever’s previous quarterly dividend of $0.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UL shares. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Zacks Research lowered Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research report on Friday. Finally, CICC Research started coverage on Unilever in a research report on Thursday, August 21st. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Unilever currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Unilever 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.