Choreo LLC Increases Holdings in Unilever PLC (NYSE:UL)

Choreo LLC raised its stake in Unilever PLC (NYSE:UL) by 200.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,877 shares of the company’s stock after buying an additional 22,602 shares during the quarter. Choreo LLC’s holdings in Unilever were worth $1,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UL. Norges Bank acquired a new position in Unilever in the fourth quarter valued at approximately $151,263,000. Fiera Capital Corp lifted its stake in shares of Unilever by 1,866.0% in the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after purchasing an additional 2,027,221 shares during the last quarter. Equity Investment Corp grew its holdings in shares of Unilever by 107.1% during the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after purchasing an additional 1,505,233 shares during the period. Wellington Management Group LLP lifted its position in Unilever by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after buying an additional 1,114,417 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Unilever by 9.6% during the fourth quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company’s stock worth $525,051,000 after buying an additional 951,446 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Down 0.7 %

UL stock opened at $64.89 on Thursday. The business’s 50-day moving average is $60.87 and its two-hundred day moving average is $55.00. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $65.86.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were issued a $0.4773 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 2.94%.

Wall Street Analysts Forecast Growth

UL has been the topic of several recent analyst reports. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, TD Cowen started coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.75.

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.