Unilever plc (UL) Shares Bought by Cowen Inc.
Cowen Inc. raised its stake in Unilever plc (NYSE:UL) by 50.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,140 shares of the company’s stock after buying an additional 53,824 shares during the period. Cowen Inc.’s holdings in Unilever were worth $9,282,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Unilever by 3.2% in the 1st quarter. Geode Capital Management LLC now owns 23,196 shares of the company’s stock valued at $1,144,000 after purchasing an additional 724 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Unilever by 7.2% in the 2nd quarter. Sei Investments Co. now owns 54,472 shares of the company’s stock valued at $2,948,000 after purchasing an additional 3,642 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Unilever by 15.2% in the 2nd quarter. IFP Advisors Inc now owns 9,423 shares of the company’s stock valued at $510,000 after purchasing an additional 1,246 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Unilever by 3.9% in the 2nd quarter. TD Asset Management Inc. now owns 199,317 shares of the company’s stock valued at $10,787,000 after purchasing an additional 7,563 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Unilever in the 2nd quarter valued at $1,626,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on UL. Zacks Investment Research raised shares of Unilever from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Saturday, September 23rd. Royal Bank Of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 11th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever in a research note on Thursday, September 7th. Finally, Argus began coverage on shares of Unilever in a research note on Friday, November 17th. They issued a “hold” rating for the company. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Unilever has a consensus rating of “Hold” and an average target price of $46.50.
Shares of Unilever plc (NYSE:UL) traded up $0.21 on Thursday, reaching $56.07. 3,364,500 shares of the company’s stock traded hands, compared to its average volume of 1,677,811. Unilever plc has a fifty-two week low of $39.08 and a fifty-two week high of $60.13.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 3rd will be given a dividend of $0.4217 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.69 annualized dividend and a yield of 3.01%. This is a boost from Unilever’s previous quarterly dividend of $0.41.
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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