Pacer Advisors Inc. Sells 685,320 Shares of Unilever PLC (NYSE:UL)

Pacer Advisors Inc. trimmed its stake in Unilever PLC (NYSE:UL) by 96.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,991 shares of the company’s stock after selling 685,320 shares during the period. Pacer Advisors Inc.’s holdings in Unilever were worth $1,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of UL. Fiera Capital Corp lifted its stake in Unilever by 1,866.0% during the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock worth $117,451,000 after purchasing an additional 2,027,221 shares during the last quarter. Equity Investment Corp boosted its stake in Unilever by 107.1% in the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after buying an additional 1,505,233 shares in the last quarter. Wellington Management Group LLP boosted its stake in Unilever by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after buying an additional 1,114,417 shares in the last quarter. Fisher Asset Management LLC grew its position in Unilever by 9.6% during the fourth quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company’s stock valued at $525,051,000 after acquiring an additional 951,446 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Unilever by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after acquiring an additional 911,443 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UL has been the topic of several recent research reports. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. TD Cowen initiated coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Trading Up 0.3 %

NYSE UL opened at $65.43 on Friday. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.87. The stock has a 50 day simple moving average of $62.83 and a two-hundred day simple moving average of $56.26.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.4773 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 dividend on an annualized basis and a yield of 2.92%.

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.