MGO One Seven LLC Raises Stake in Unilever PLC (NYSE:UL)

MGO One Seven LLC boosted its holdings in Unilever PLC (NYSE:ULFree Report) by 9.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 57,210 shares of the company’s stock after purchasing an additional 5,042 shares during the quarter. MGO One Seven LLC’s holdings in Unilever were worth $2,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UL. Citigroup Inc. lifted its position in Unilever by 51.1% during the 3rd quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock worth $33,239,000 after acquiring an additional 227,681 shares in the last quarter. Allen Wealth Management LLC acquired a new position in shares of Unilever in the fourth quarter worth about $2,415,000. Principal Securities Inc. purchased a new stake in Unilever during the 4th quarter worth approximately $1,131,000. Levin Capital Strategies L.P. increased its holdings in Unilever by 35.7% during the 4th quarter. Levin Capital Strategies L.P. now owns 428,269 shares of the company’s stock worth $20,762,000 after purchasing an additional 112,677 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Unilever by 6.6% in the 4th quarter. First Trust Advisors LP now owns 1,452,545 shares of the company’s stock valued at $70,419,000 after purchasing an additional 90,245 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Argus lifted their price target on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Unilever presently has a consensus rating of “Hold” and a consensus price target of $54.00.

View Our Latest Analysis on UL

Unilever Stock Performance

Shares of NYSE UL traded down $0.51 during mid-day trading on Tuesday, reaching $55.08. The company had a trading volume of 202,719 shares, compared to its average volume of 2,814,444. The company has a 50-day moving average price of $51.73 and a two-hundred day moving average price of $49.88. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $56.19.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a $0.4556 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.31%.

About Unilever

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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