Unilever PLC (UL) Stake Raised by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. increased its position in shares of Unilever PLC (NYSE:UL) by 47.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,837,277 shares of the company’s stock after acquiring an additional 592,653 shares during the quarter. Goldman Sachs Group Inc. owned 0.07% of Unilever PLC worth $99,434,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in UL. Fiduciary Management Inc. WI raised its position in Unilever PLC by 56.6% during the first quarter. Fiduciary Management Inc. WI now owns 10,615,523 shares of the company’s stock valued at $523,770,000 after buying an additional 3,837,015 shares during the period. Mawer Investment Management Ltd. lifted its stake in Unilever PLC by 2.1% in the 2nd quarter. Mawer Investment Management Ltd. now owns 3,910,364 shares of the company’s stock worth $211,629,000 after acquiring an additional 79,598 shares in the last quarter. Harding Loevner LP boosted its position in Unilever PLC by 6.1% during the 2nd quarter. Harding Loevner LP now owns 2,610,078 shares of the company’s stock worth $141,258,000 after acquiring an additional 150,970 shares during the period. Jane Street Group LLC boosted its position in Unilever PLC by 459.2% during the 1st quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock worth $104,600,000 after acquiring an additional 1,740,864 shares during the period. Finally, Northern Trust Corp boosted its position in Unilever PLC by 0.3% during the 2nd quarter. Northern Trust Corp now owns 1,419,696 shares of the company’s stock worth $76,834,000 after acquiring an additional 4,250 shares during the period. Institutional investors and hedge funds own 7.30% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Unilever PLC from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Saturday, September 9th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever PLC in a research note on Thursday, September 7th. Royal Bank Of Canada downgraded shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 11th. Finally, UBS AG reiterated a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Unilever PLC presently has a consensus rating of “Hold” and a consensus price target of $45.50.
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Unilever PLC (UL) traded down 0.05% during mid-day trading on Wednesday, reaching $57.73. 123,298 shares of the company’s stock were exchanged. The company has a market cap of $162.37 billion, a PE ratio of 23.78 and a beta of 0.88. Unilever PLC has a 52-week low of $38.58 and a 52-week high of $59.68. The stock has a 50-day moving average price of $58.10 and a 200 day moving average price of $54.74.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th were issued a $0.409 dividend. This is a boost from Unilever PLC’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.83%.
About Unilever PLC
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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