Oppenheimer & Co. Inc. cut its stake in shares of Unilever plc (NYSE:UL) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,421 shares of the company’s stock after selling 1,321 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Unilever were worth $1,295,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Toronto Dominion Bank grew its holdings in shares of Unilever by 1.2% during the second quarter. Toronto Dominion Bank now owns 11,890 shares of the company’s stock valued at $644,000 after purchasing an additional 138 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Unilever by 15.8% during the second quarter. The Manufacturers Life Insurance Company now owns 4,359 shares of the company’s stock valued at $236,000 after purchasing an additional 594 shares during the last quarter. Gardiner Nancy B grew its holdings in shares of Unilever by 5.8% during the third quarter. Gardiner Nancy B now owns 17,265 shares of the company’s stock valued at $1,001,000 after purchasing an additional 950 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Unilever by 14.9% during the third quarter. Bessemer Group Inc. now owns 7,913 shares of the company’s stock valued at $458,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Unilever by 13.9% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 8,565 shares of the company’s stock valued at $474,000 after purchasing an additional 1,045 shares during the last quarter. 7.12% of the stock is owned by institutional investors.
Unilever plc (UL) opened at $53.55 on Friday. The stock has a market capitalization of $160,020.00, a P/E ratio of 20.06, a PEG ratio of 2.38 and a beta of 0.86. Unilever plc has a 52-week low of $44.33 and a 52-week high of $60.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, February 16th will be given a dividend of $0.4452 per share. The ex-dividend date is Thursday, February 15th. This is an increase from Unilever’s previous quarterly dividend of $0.42. This represents a $1.78 annualized dividend and a dividend yield of 3.33%. Unilever’s payout ratio is currently 65.92%.
Several research firms have recently commented on UL. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Zacks Investment Research lowered Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, Argus began coverage on Unilever in a report on Friday, November 17th. They set a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.50.
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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